Dmitry Leus of East-West Connect wrote an article which was published in EU Today, responding to two senior business figures who have spoken out in recent days about the need for clarity for the banks regarding a transition deal between the UK and the EU, in order to prevent firms moving jobs and business out of the UK.
Dmitry Leus wrote in EU Today in response to an Association for Financial Markets’ (AFM) draft report, seen and reported on by Reuters news agency. He wrote that the draft report findings should be welcomed by those in the banking and investment community
Dmitry Leus, founder of East-West Connect, has written in EU Today explaining there are bigger issues to be resolved than who should pay for the relocation of the European Banking Authority (EBA). It has been reported in recent days that the European costs of the relocation of the EBA after the country leaves the EU.
In these August days there is currently a lull in the Brexit negotiations but talks will resume in the autumn after the summer recess and the UK Conservative party’s conference. From a banking perspective, not enough attention is being paid to the important issue of how the financial world will deal with the potential loss of passporting’ rights for London, writes Dmitry Leus.
Dmitry Leus of East-West Connect has written for EU Reporter, exploring how will the banks cope and adjust to possible restrictions on London-based operations post-Brexit.
How will the banks cope and adjust to possible restrictions on London-based operations post-Brexit? First we must consider that the UK’s negotiations with the European Union have only just begun. Whatever the City might want in terms of a softer Brexit, the truth is that it is too soon to tell. While the banks may indeed be pushing for “mutual recognition” of regulation and “mutual access” to markets as conditions for Brexit, they also must be realistic about what negotiators on the EU side will accept. And so the preparations and manoeuvres on the part of the banks begin – writes Dmitry Leus