Discussion about UK´s Brexit impact on the City is active. Yesterday Mr Philip Lane, governor of the Central Bank of Ireland and member of the ECB´s governing council, told Financial Times that he thinks the City of London is the wholesale hub of the EU highlightning the importance of the financial hub to the rest of the EU.
– The City of London is the wholesale headquarters of the EU. If there is a genuine shock and we have a Brexit without a transition period, then that is a financial stability risk, he said to the newspaper.
Leading persons from the financial markets have lately raised this issue to the agenda, while there is only one year left for the negotiations. On Monday ComteamPUB+ wrote a story about the same topic and the possibility of having separate agreement for the City´s financial services.
You can read the story here: https://pubplus.club/2018/01/15/city-getting-special-arrangements-in-the-brexit-talks/