Financial services following fishing under the Brexit Bus...exactly as Catherine McGuinness, the City of London Corporation’s head of policy said last year.
Catherine McGuiness is much more bullish this year;
27 Jan 2021 - City of London chief: Brexit impact 'not at all catastrophic' as Square Mile will thrive without EU access.
[the] political leader of the Square Mile’s ruling body, insisted the City will thrive even if the European Union “irrationally” blocks access.
“It’s disappointing to lose business but it’s not at all catastrophic,” McGuinness said according to Reuters. “We are very confident in London’s basic strengths and that we will make up business elsewhere.” (e.g. Feb 2021 - Shares in Swiss companies will once again be traded on UK exchanges after Switzerland’s financial regulator gave the move the all-clear);
www.cityam.com/londons-financial-powerhouse-backs-city-to-thrive-without-eu-access/
Now this one should please Clavinova because it's the USA which is winning much of the business and not wholly the EU.
Indeed - I did question you all last week, how granting equivalence to the US benefitted Paris and Frankfurt? From the Duff and Phelps link in Yorkshire Bylines (love the Duff and Phelps website by the way - great hot-air balloons);
What’s more striking is who isn’t gaining, however. Despite Brexit, there’s been no rush to Europe. The number of senior decision-makers in financial services citing Paris or Frankfurt as the top financial center is negligible, and that’s not expected to change in the medium term.
mathanxiety's favourite Brexiteer mentioned here;
A group of Eurosceptic City figures and politicians have created a new UK financial services lobby group in a bid to trumpet the sector’s success post-Brexit.
The body, launched yesterday [15 Feb 2021] is called the CityUnited project and it aims to “combat and negate the EU’s actions” by “promoting bold new initiatives to exploit the UK’s expertise in financial services”.
The City lobby group will be chaired by ex-chief executive of the London International Financial Futures and Options Exchange professor Daniel Hodson, with former chancellor Lord Norman Lamont and former MEP Lord Daniel Hannan on its board.
www.cityam.com/eurosceptic-politicians-form-new-post-brexit-city-lobby-group/
15 Feb 2021 -
Leeds and London set to become global centres of green finance.
Leeds and London will be home to a new UK centre for driving global green finance and investment, Energy Minister Anne-Marie Trevelyan announced today (Monday 15 February), thanks to £10 million in government investment.
The new UK Centre for Greening Finance and Investment will begin in April 2021, with physical hubs in Leeds and London opening in a matter of months...
The research hubs in the 2 cities will provide world-class data and analytics to financial institutions and services such as banks, lenders, investors and insurers around the world to better support their investment and business decisions by considering the impact on the environment and climate change.
www.gov.uk/government/news/leeds-and-london-set-to-become-global-centres-of-green-finance