This report provides the most comprehensive analysis yet of the impact of Brexit on the City and the wider banking and finance industry. More than 250 firms in banking and finance have moved or are moving business, staff, assets or legal entities away from the UK to the EU – and these numbers are likely to increase significantly in the near future.
Luxembourg may have a population smaller than Birmingham (with just 600,000) but it is at the heart of the EU and a key international financial centre for funds, private banking and insurance. It has been actively pitching to win business forced to relocate from the UK as a result of Brexit. Ambassador Olinger will lead […]
Ireland has been front and centre of the Brexit debate with a the Irish border proving to be one of the most challenging issues to overcome. The financial sector in Ireland is closely linked to the City and the UK, and Dublin has been one of the most popular destinations for firms in the UK […]
This breakfast event is part of our series on the European perspectives on Brexit that has included recent discussions with the Belgian, Swiss and Dutch Ambassadors, and senior policymakers from BaFin and the Bundesbank. In the next few months we’ll be hosting the Central Bank of Ireland, the Luxembourg Ambassador, and the French Treasury. Poland […]
As the UK enters the final stages of the Brexit negotiations, we are delighted to welcome Nicky Morgan, MP for Loughborough and chair of the Treasury Select Committee, to share her perspectives on ‘Brexit: the future of regulation & the future of the City’. As a prominent ‘Brexit rebel’ and former Treasury minister, Nicky has a […]
This is the latest in our series of Brexit events focusing on the perspective of the rest of the EU. With the clock ticking on the final stages of the Brexit negotiations with the EU, we are delighted to welcome back Kay Swinburne MEP to discuss ‘Brexit: the view from Brussels’. The discussion will focus […]
Our unique index measuring the value of domestic and international banking and financial markets activity across nearly 30 metrics in nearly 50 countries shows that the US is by far the world’s top financial centre with the UK taking the second place – well ahead of other European countries.
Sir Howard Davies’ is uniquely positioned to address some of the most critical questions about Brexit, the future of regulation in Europe, and the future of the City of London. During the event, members will discuss the short and longer-term impact on the City of London as a financial centre and the best ‘deal’ that […]
Steven, also known as Mr Mifid, is perhaps the most powerful regulator in global finance today. The recent delayed introduction of Mifid II, the most ambitious and wide-ranging reform of its kind, has touched almost every corner of finance in the EU and beyond. At this dinner (his second with New Financial) Steven will discuss […]
Few countries are as closely bound the to the EU without being part of it as Switzerland. The relationship between Switzerland and the EU is governed by more than 20 main bilateral agreements and around 100 minor ones. At this dinner, Ambassador Fasel will discuss the Swiss perspective on Brexit; what the UK can learn […]
With a number of firms such as Euroclear, Lloyd’s of London & Moneygram announcing plans to move parts of the business to Belgium, the role of Brussels as a potential destination for UK businesses will be a topic high on the agenda at breakfast with Ambassador Huygelen. He will also address the main Belgian and EU27 […]
Dr Andreas Dombret is an executive board member of the Deutsche Bundesbank with responsibility for banking and financial supervision. At this dinner he will discuss the German perspective on Brexit with a particular focus on financial stability, the future of supervision and regulation in the EU27, and the prospects for post-Brexit collaboration between the UK and EU27. […]
The main benefit of a transition period is that it would reduce the risk of a ‘cliff-edge’ Brexit and buy more time for the UK and EU to negotiate a better long-term deal, but we think it is unlikely that any agreement can be reached early enough to prevent firms relocating significant numbers of staff. The good news is that an agreement on a transition period would be possible later next year – but only if the UK government changes direction in its negotiation strategy, and soon.
This dinner is part of our Brexit series and reflects our aim to include the views of important member states in the EU27 in the debate around the post-Brexit future of the European banking and finance industry. We published a paper earlier this year on ‘What the rest of the EU thinks about Brexit and […]
Brexit could have a significant impact on recruitment and jobs in the City of London – not least by highlighting structural challenges that will have a far bigger impact on the industry in the longer-term Another week, another set of numbers that send completely contradictory messages about the impact of Brexit on the City of […]
Much of the debate in the UK over the past year about the potential impact of Brexit on the City of London and European financial markets has inevitably been UK-centric. Too little attention has been paid to what the other 27 member states of the EU think – and why. This dinner with His Excellency […]
Much of the debate around the impact of Brexit on the City of London and the financial services industry across Europe has been UK-centric. So we’ve read, sifted and summarised hundreds of speeches, articles and reports to identify what the rest of the EU really think about it. This report summarises the main priorities, concerns and negotiating positions of policymakers and regulators in each of the 27 member states who will be on the other side of the negotiating table from the UK over the next few years – and sums up what’s at stake.
With Article 50 set to be triggered by the end of this month, this is the second in a series of two breakfasts for policy specialists at which we will discuss what measures the UK can take right now to ensure and improve the competitiveness of the business and financial services framework in the UK. […]
With Article 50 set to be triggered by the end of this month, this is the first in a series of two breakfasts for policy specialists at which we will discuss what measures the UK can take right now to ensure and improve the competitiveness of the business and financial services framework in the UK. […]
The problem with chasing your tail is that you can lose sight of where you are heading without getting any closer to where you want to be. Over the past six months much of the City of London and financial services industry in the UK has been locked in an often circular argument about the potential impact of Brexit on their business and how to adapt to it. Here is a short 10-point reality check on the impact of Brexit.
There are few issues more challenging for the City of London and the financial services industry than the impact of Brexit. Yet there are few things less enticing than the prospect of reading the many dozens of often dense reports that have been written on the subject. We’ve read, translated and summarised nearly 50 reports on the implications of Brexit, so that you don’t have to. We’ve tried to boil down the essentials of each report, strip out the jargon and legalese, and cut back on the repetition and context.
Instead of focusing on trying to preserve their existing business in the wake of Brexit, banks and asset managers should focus on how they can reinvent it.