LONDON, Jan 10 (Reuters) - HSBC chairman DouglasFlint said some banks may begin triggering their contingencyplans in March this year when formal divorce talks start ifthere is no clarity on whether Britain will retain access to theEuropean single market when it leaves the EU.
Flint said banks need guidance from the UK government on itsobjectives in the EU divorce talks and ensuring trade agreement.
"For those businesses that don't have infrastructure alreadyin place in Europe, it will start pretty much immediately on thetriggering of Article 50," Flint told parliament's TreasurySelect Committee on Tuesday. (Reporting By Andrew MacAskill, editing by Huw Jones)
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