We have had many discussions with such firms to explain how the Central Bank approaches regulation and supervision and to discuss their plans to deal with the significant challenges presented by Brexit. The Central Bank expects to see a meaningful increase in applications for authorisation or for extensions of existing business.
Yi Gang: Speech at Bank of Thailand-Bank for International Settlements Conference Speech by Mr Yi Gang, Governor of the People's Bank of China, at the Bank of Thailand-Bank for International Settlements Conference "Central Banking amidst Shifting Ground", Bangkok, 2 December 2022.