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As a way to recreate the scenario of a "soft Brexit", UK firms with activities in Italy are allowed to continue carrying out their activities during an 18-month transitional period. The measures would also allow British financial operators in Italy as well as Italian operators in Britain to pursue activities under the current conditions.
Above all, operations of banks insurance companies and pension funds would fall under the protective measures. Moreover, the decree forsees the possibility of British banks operating in Italy to join the Italian system of protection of deposits.
The article in Italian: Nel decreto Brexit anche le tutele per i correntisti in banche inglesi.
Sourcing and translation by European Movement International