Possible major issues for the City of London

[boxman]

This could get interesting for Dublin perhaps. The OTC derivatives clearing business is massive. I can't see the EU allowing this outside of EU territory when Brexit happens. I'm sure the Irish are pitching hard for some of this business before Frankfurt and Paris snaffle the lot.

https://www.ft.com/content/739f9852-3331-11e7-99bd-13beb0903fa3

[quinner]

This could get interesting for Dublin perhaps. The OTC derivatives clearing business is massive. I can't see the EU allowing this outside of EU territory when Brexit happens. I'm sure the Irish are pitching hard for some of this business before Frankfurt and Paris snaffle the lot.

https://www.ft.com/content/739f9852-...d-13beb0903fa3

All business must act in its own interests.....They must make financial decisions for their own survival and future...

I believe that ''Globalisation'' has not got a future...The customer base will rule the future......Any moves the EU make in that direction will IMO be a good move for the future....