Economics at your fingertips  

Client-proximity-based spatial clustering of European corporate and investment banking after a hard Brexit

Fidelio Tata

Finance Research Letters, 2018, vol. 27, issue C, 241-246

Abstract: If the United Kingdom were to leave the European Union (EU) single market (“hard Brexit”), London-based banks would lose their ability to do direct business with their clients located in the other 30 European Economic Area (EEA) countries. This article addresses the questions of how much corporate and investment banking (CIB) business currently conducted by London-based banks needs to be moved to (non-UK) EEA market hubs and what the resulting spatial clustering of CIB business in Europe will look like. We estimate that between 20 and 30% of the UK-based CIB business will migrate into the remaining EEA locations.

Keywords: Location decision; Spatial distribution; Brexit; Corporate and investment banking (search for similar items in EconPapers)
JEL-codes: R12 D24 G24 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed

Downloads: (external link)
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link:

Access Statistics for this article

Finance Research Letters is currently edited by R. Gençay

More articles in Finance Research Letters from Elsevier
Bibliographic data for series maintained by Dana Niculescu ().

Page updated 2019-05-11
Handle: RePEc:eee:finlet:v:27:y:2018:i:c:p:241-246