Their business in the other 27 EU countries accounts for about one-quarter of revenues of the UK’s financial services. 4/6  BIS central bankers' speeches  Take, as an example, the clearing of derivatives that are denominated in euro. A large number of these deals take place in London – more than 75% in some asset classes.
Cross-border remittances Transfer of money across borders by people in the low segment of the market will enjoy our priority during the implementation of this vision document. It is important for the banking industry to improve the remittance transfer infrastructure in Namibia with the view to achieve a low-cost and safe cross border remittance service to cater for unbanked community.