Britain's European commissioner Jonathan Hill resigns following Brexit vote

Britain's European commissioner Jonathan Hill, responsible for Financial Stability, Financial Services and the Capital Markets Union, decided to resign from his post, said a press release issued by the European Commission on Saturday.

European Commission President Jean-Claude Juncker said "it is with great regret that I have accepted Lord Hill's decision to resign from the European Commission."

"Lord Hill is an experienced politician for whom I have great respect and I want to sincerely thank him for his loyal and professional work as a member of my team," said Juncker. Endit