Brexit will benefit Asia-Pac

Author: Lizzie Meager | Published: 10 Oct 2017

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 things will."

"We will lose more banking jobs to artificial intelligence than Brexit by many, many multiples"

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.