Glonghui, July 30丨According to Reuters, the European Banking Authority (EBA) said on Wednesday that banks that use the UK as a gateway to the EU need to fully implement their plans to serve EU customers before the Brexit transition period ends in December. Britain withdrew from the European Union in January of this year. According to the transition period arrangement,financeBusinesses can enter the EU without restrictions. However, after the transition period expires on December 31, there will be no deposit and loan mechanisms directly entering the EU from January next year. Many large banks have established hubs in Frankfurt or elsewhere in the EU and continue to serve customers there.