| answer text |
<p>The provision of banking services, including whether UK firms can service EEA-based
customers, is a commercial decision for firms based on a variety of factors, including
the local law and regulation of individual countries, an assessment of profitability
or other commercial drivers. The Government does not intervene in these commercial
decisions.</p><p> </p><p>Nonetheless, the Government expects banks to act lawfully
and in accordance with local regulators’ expectations. We also expect that banks work
to ensure good outcomes for their customers and provide timely communications to enable
them to make appropriate decisions.</p><p> </p><p>UK providers are expected to contact
impacted customers if they need to make any changes to their product or the way it
is provided. We encourage customers with questions or concerns to speak to their banking
service provider.</p>
|
 |
