International banks will have bigger subsidiaries in EU countries, while UK based banks will have to get new full fledged subsidiaries in EU. EC already warned

International banks will have bigger subsidiaries in EU countries, while UK based banks will have to get new full fledged subsidiaries in EU. EC already warned the banks, that shell branches will not be tolerated... As complex operations cannot be overseen by people residing outside of EU jurisdictions(that's a warning about being a shady dealer, while hiding away from EU)