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Multiple banking houses have at least indicated that they're willing to migrate. Even more important, a lot of financial products in the banking/insurance secto
by Xylakant 10y ago
Multiple banking houses have at least indicated that they're willing to migrate. Even more important, a lot of financial products in the banking/insurance sector rely on passporting, that is if they're accepted in one EU country, they can be sold anywhere in the EU. That country used to be England up to now. Given that nobody knows if/when the real separation will happen, I fully expect banks and insurances to hedge their bets and start moving that to other countries.
- wyclif 10y agoThreats from banks do not constitute evidence that they will offshore, however.
- Xylakant 10y agoNo, it's not evidence since evidence can only be gathered post-fact. Just don't be surprised if they follow through, because well, they told you before which consequences the change would have.
- deleted 10y ago[deleted]