Banking After Brexit: Who Will Be the New London?

Oct 30, 2018 | 12:17 GMT
The skyline in London is all aglow as the sun sets on Aug. 16, 2018.

The skyline in London is all aglow as the sun sets on Aug. 16, 2018. While Brexit will weaken London's standing as a financial services center, the city will remain one of Europe's power players.

(DAN KITWOOD/Getty Images)

The United Kingdom's approaching departure from the European Union in March 2019 has raised concerns about how the split will affect London's bustling, heavily influential financial sector. The British government is currently focused on two negotiation topics: making sure that trade in goods remains unaffected by Brexit and ensuring that the border between Northern Ireland and the Republic of Ireland remains open. The European Union has offered the United Kingdom a comprehensive free trade agreement similar to the one it recently signed with Canada. However, both proposals focus primarily on goods, leaving companies in all service sectors -- and especially the financial sector -- with open questions about Brexit's impact....

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