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Germany set to give Brexit banks a break on capital models

Germany's financial regulator said it will allow most banks relocating to Frankfurt post-Brexit to continue operating under current capital requirement models for up to two years, Bloomberg news reported Feb. 1, citing "people with knowledge of the matter."

After the grace period, the banks will have to adapt all business to risk models approved by the regulator, whereby all new loans will be risk-weighted under the new model.

In a Jan. 30 meeting, which was attended by 50 foreign banks, financial supervisor Bafin said it will examine each case individually.