Barclays Brexit plan praised

That will make disappointing reading for policymakers at the European Central Bank (ECB), who are expected to signal today a bias towards cutting its already-negative deposit rate this year to try to boost growth and inflation

FRANKFURT: Barclays Plc’s plan to quickly move European business to Dublin in preparation for Brexit is one of the most ambitious yet and gaining plaudits from regulators, according to sources.

The UK lender plans to book almost half its EU-related trading risk within the bloc by the time the UK leaves, according to the sources. That’s a level EU regulators consider other global banks should aspire to, even if they haven’t set specific goals, the sources said.