Clearing houses in New York, across the US and further
afield in Singapore and Honk Kong may well be the eventual
winners of the UK’s eventual separation from the
EU, suggest sources close to the issue.
Jacob Funk Kirkegaard, senior
fellow of the Rhodium Group, told attendees at the Securities
Industry and Financial Markets Association (SIFMA) Annual
Meeting earlier this week in Washington DC, that the city may
well become a dominant force once London relinquishes its hold
as the world’s major financial centre next
"From the financial service centre of New York, Brexit is
probably a big game. We talk a lot about the migration of jobs
to the main locations, but as global firms weigh up where to
locate activities, further consolidation in New York and
basically downgrading the entire presence in London and the
rest of the European market is probably going to be...