The big bang and the City of London

Catherine Schenk

No 03-18, IBF Paper Series from IBF – Institut für Bank- und Finanzgeschichte / Institute for Banking and Financial History, Frankfurt am Main

Abstract: Brexit poses an existential challenge the City of London as a European and global financial centre. The withdrawal of 'passporting' threatens the ability of financial institutions in London to sell services to customers in the EU, and this has prompted many predictions of London's financial demise. Banks are considering relocating staff and activities to other European centres such as Frankfurt, Dublin or Paris. Reflecting on London's history offers some insights into how The City might respond to this new challenge.

JEL-codes: G15 G18 N24 N44 (search for similar items in EconPapers)
Date: 2018
New Economics Papers: this item is included in nep-ban and nep-his
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Persistent link: https://EconPapers.repec.org/RePEc:zbw:ibfpps:0318

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