Brexit and the European Financial System

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.