Barclays says banks will move operations to continent reasonably soon

LONDON, April 26 (Reuters) - Banks in Britain will begin

shifting some operations to continental Europe "reasonably" soon

to avoid disrupting links with customers, Barclays

Chief Executive Jes Staley said on Wednesday.

Staley said it will be hard to get full clarity on Britain's

new trading terms in the time banks need to guarantee links to

continental customers after Britain leaves the EU in 2019.

"You will start to see movement in a reasonably short period

of time," Staley told a conference.

Obtaining a licence to trade on the continent and changing

financial contracts to another jurisdiction takes a year to 18

months, Staley said.

Speaking at the same conference, HSBC Chairman

Douglas Flint said it would be better for Britain to get a good

deal on new EU trading terms in a short time than an excellent

deal some time in the future when banks have already triggered

their contingency plans to shift operations from London to the


(Reporting by Huw Jones; editing by Jason Neely)