Asia Pacific countries will be among Brexit’s
biggest beneficiaries, according to panellists at the
International Bar Association’s annual conference
in Sydney yesterday.
"Brexit is likely to be a catalyst – perhaps in
itself not the driver, but in the wider context of regulatory
developments in the EU, Australia, Hong Kong and Singapore are
all likely to benefit," said Paul Yuen, head of market conduct
at the Monetary Authority of Singapore. "Essentially Brexit in
itself won’t make us a clear winner, but other
"We will lose more banking
jobs to artificial intelligence than Brexit by many,
Other speakers agreed that an event like the
UK’s vote to leave will make businesses consider
what they are doing, why they are doing it – and to
focus more on the location in question.