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Economics of a calculated risk!  :) Frankfurt stands to gain ...

London to lose $900 billion to Frankfurt due to Brexit, German finance group claims | CNBC - Dec. 4, 2018 |
Letter from London: City bankers' spouses block Brexodus | Politico - April 2018 |

City unites in call for urgent Brexit transition deal | Reuters  - 2 hrs ago |

LONDON (Reuters) - Britain must urgently come up with a new plan to avoid leaving the European Union without a deal in just over 70 days' time and destabilize markets, finance leaders said on Tuesday.

[...]

UK and EU regulators have set out contingency plans for a no-deal Brexit hitting parts of the financial market, but McGuinness said smaller firms would not be ready in time.

Continued uncertainty after Tuesday's vote will mean that banks, insurers and asset managers will press ahead with opening new hubs in the bloc by March.

"The result this evening does not change the outlook for the City," said Omar Ali, UK financial services leader at consultants EY.

Financial firms have already announced plans to move 800 billion pounds in assets from Britain due to Brexit, EY said.



Global Warming - distance between America and Europe is steadily increasing.
by Oui on Wed Jan 16th, 2019 at 09:59:48 AM EST
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