Thursday, 21 July 2016

City Unites for Bipartisan Brexit

From WSJ, 21 July 2016:
Influential City executives from both sides of the Brexit debate are coming together to launch a new body that aims to represent the financial industry’s interests in the UK’s exit from the European Union. 
The Financial Services Negotiating Forum, which is being headed by a member of Vote Leave lobby group City for Britain and had provisionally been named City United, is in the process of appointing a board of up to 12 well-known names from across finance and regulation. 
It will launch in mid-September.

Full story here.

New City of London group to help government with Brexit talks

From Reuters, 21 July 2016:
Veterans of the City of London's financial services industry are setting up a forum to help the British government in Brexit talks with the European Union, people involved in the project said on Thursday.
Britain's shock vote to leave the bloc has forced financial firms to rethink their business strategy which has until now depended on having an EU "passport" to operate across the region from a base in London. 
Daniel Hodson, a former chief executive of London derivatives exchange LIFFE which is now part of ICE, said the new group - initially known as City United - aimed to bring together under one roof those in the financial sector who backed and opposed Brexit.
Full story here.