Can London hold on to its preeminent position in the Asset Management world in light of the potential 'passporting' restrictions that are likely to follow a hard Brexit?
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European financial regulators move to mitigate Brexit threat
Europe’s top financial regulators are boosting efforts to prevent damage to London’s role as a global hub for asset management during the second phase of talks between the UK and EU on their post-Brexit relationship. The UK’s £8.1tn asset management industry is the largest in Europe, overseeing more money than Germany, France and Italy combined, but its critical role as a Europe-wide provider of investment services remains under threat from the uncertainties and risks posed by Brexit.
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