At a meeting on 1 December, Japanese banks including Nomura Holdings, Inc. and Daiwa Capital Markets Europe Limited told the UK government that they would begin moving some operations out of London within six months unless they were given clarity on the UK’s post-Brexit relationship with the EU, the Financial Times reported on 16 December.
The meeting was held with City Minister Simon Kirby and International Trade Minister Mark Garnier and was described as being a “frank exchange of realism”.