The UK’s new Prime Minister, Boris Johnson, has
made a commitment to take the country out of the EU by October
31. This could break London’s historic grip on the
capital market sector.
With political volatility already having an influence on
companies’ likelihood of listing in the EMEA
region, commentators have speculated that further damage will
be done to London if or when it loses direct access to the
"London has been a critical capital markets hub since the
advent of modern capital markets," says John Engle, president
of US firm, Almington Capital. "The city has evolved into one
of the deepest and most sophisticated markets in the world,
rivalled only by the US."
However, he continues, "Brexit could be an absolute disaster
for the city."
Read more: Where have Europe's IPOs
Dr Christoph Wolf, head of Baker Mckenzie’s
capital markets group in Germany, is...