3 / 11  BIS central bankers' speeches  No, I was now talking about the banks looking to relocate to the euro area. For the SSM banks that will want to operate in the UK, we have very clear monitoring.
We set up working groups and task forces, and here too I can say that there are some banks which are already well progressed in their preparations. They have a clear understanding about what they want to do. But then things are easier when they already have entities in the UK so it’s not a question of whether they want to relocate or not.