Raft of Brexit relocations moving closer to execution

The clock is ticking for Britain's financial services industry, with banks said to be months away from being forced to act on Brexit contingency plans that could see thousands of jobs leave the UK.

The first quarter of 2018 has been dubbed the "point of no return" for banks, insurers and asset managers as the industry calls on the UK to clinch a transition period that would extend market access to the EU beyond March 2019.