By leveraging new technology and taking an approach to enhance their capabilities in key trading centres throughout Europe, participants could find a way to adapt quickly and adopt whatever passport-driven approach they need.
The UK and EU are undeniably linked. The 27 other member states may have strong industries and markets – some that outsize or out-perform the UK – but the UK has played a dominant role in Europe’s financial services industry for more than 40 years.
As the politicians try to manage their way to March 29, the financial industry will be waiting with bated breath to see how big an impact the UK’s departure will have. There is no denying the repercussions will be felt, both good and bad, as the relationship between.
However, the UK is an unrivalled financial leader and I am confident that its size and importance will ensure it stays this way.
Ganesh Iyer is director of global marketing at IPC