GENEVA, March 7 Ford's European credit arm
FCE said on Tuesday it was considering applying for a German
banking licence alongside its current British one, because the
future of passporting is uncertain after Britain leaves the
Passporting allows for any financial firm to serve the whole
EU region from a single base, cutting costs and red tape.
"As the future of passporting is uncertain post-Brexit, FCE
is conducting a detailed study with a view to potentially
applying for a banking licence in Germany in addition to the
licence we currently hold in the U.K.," an FCE spokeswoman said.
(Reporting by Costas Pitas; Editing by Ruth Pitchford)