The European Banking Federation (EBF) has issued the following statement following the referendum result:

“A significant amount of contingency planning has already been undertaken by the European banking industry. Banks will now assess what the result means in the long term. Our industry will now be working towards an orderly transition to minimise impact on the market in the UK and the EU, as well on the wider European economy.

“As representatives of the European banking sector we can assure customers and businesses that their banking services will continue as normal. Our sector remains committed to cross-border cooperation in Europe.”

View EBF statement on result of UK referendum on EU membership, 24 June 2016