Thursday, 21 July 2016

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.

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