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It's not a tautology at all, it's the patently obvious. The only business reason they have to not apply for the licence is that they won't have any profits lef
by marrs 7y ago
It's not a tautology at all, it's the patently obvious. The only business reason they have to not apply for the licence is that they won't have any profits left over afterwards. Ergo they aren't very profitable, unless you're claiming that the licence is designed to be so costly as to keep foreign companies out, which I highly doubt, given that Britain (and especially the Conservative party) like to attract foreign investment.
- threatofrain 7y agoOpportunity cost is another obvious reason to leave money on the table. If the company is small enough then they might rather focus on the EU first, esp. if they thought their specialty was “doorway to EU banking”.
- Zenst 7y agoThat aspect does make more sense, and perhaps longer term with a divergence in regulation and with, makes sense short to mid term and may be an avenue they try again market wise and until then, best focus on growth area's. But equally, they started in the UK in October 2018, and perhaps they may of gambled that the UK would stay more aligned or in the EU is my thoughts upon this as well.