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Sure you can. The #1 reason bankers will shift will be due to 'passporting' issues - banks will require EU based personnel for legal reasons. In this case, I t
by edblarney 10y ago
Sure you can.
The #1 reason bankers will shift will be due to 'passporting' issues - banks will require EU based personnel for legal reasons. In this case, I think it's easiest for London banks just to have staff in the easiest and most accessible place: Dublin.
Other than that - I don't see the reason why any jobs at all would go to Europe.
If they can do it from the UK, they will do that.
There is no growth in Europe, it's all in Asia.
Now - I believe the EU is trying to pull some Euro currency exchanges and clearing from London, in which case, there might to be another 'regulatory' reason to switch some people over.
But I think this is overblown. There's nothing pretty about banking in the EU.
London has not become more attractive because it's without EU regulatory limitations - and - they'll have considerable leverage with Theresa May etc. to win more concessions to make it even more competitive.
It's entirely plausible that there are even more banking jobs in London after this is all settled.
- roryisok 10y agoAll this talk about Theresa May winning concessions... how is she going to do that exactly? The UK have no bargaining chips.