Brexit: A devastating mutual blow, according to Wim Mijs, EBF chief.

TLDR:

• European Banking Federation boss Wim Mijs describes Brexit as “mutually destructive” for the UK and the EU.
• Mijs believes it is strange that London would cut itself off from its biggest market.

European Banking Federation (EBF) chief executive Wim Mijs has called Brexit “mutually destructive” for both the UK and the EU. Mijs expressed surprise at London’s decision to “cut itself off from its biggest market,” and referred to the discussions before and after the 2016 referendum as his “favorite topic.” As the head of the EBF, Mijs aims to bring European lenders together and has played a prominent role in advocating for the interests of the banking industry.