Uuriintuya Batsaikhan, Robert Kalcik and Dirk Schoenmaker
Brexit and the European Financial System
Mapping Markets, Players and Jobs
Bruegel, 2017
What's inside?
London-based financial firms will have to shift some jobs and operations to the EU27 post-Brexit.
Recommendation
London has long been a preeminent center for global finance, but financial firms based in the United Kingdom will lose their access to the European Union once Brexit is complete. Banks, trading exchanges, clearing houses and the cadre of professional services that support these activities will need to set up operations on the Continent, but where? Researchers Uuriintuya Batsaikhan, Robert Kalcik and Dirk Schoenmaker posit that a better-integrated European Union could accommodate financial hubs in multiple cities. getAbstract recommends their informative succinct analysis to officials and financial executives concerned with planning a smooth transition.
Summary
About the Authors
Uuriintuya Batsaikhan, Robert Kalcik and Dirk Schoenmaker are work at Bruegel, a European think tank.
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