“Let’s Just Be Calm” – Despite Brexit Banking Double Bubble

A classic day of #DespiteBrexit in the City. First up German central banker Andreas Dombret, a board member of the Bundesbank, called for financial services clearing to stay in London:

“At all events, London will remain one of the world’s leading financial centres. That is why creativity and a truly global outlook will be necessary in order to place future cooperation between the EU27 and the United Kingdom on a solid legal footing. For one thing is also clear – the world’s fast-growing regions are not going to stand idly by while Europe indulges in navel gazing.”

While Italian bank Unicredit said so-called Brexit ‘disruption’ is “much ado about nothing”. Jean Pierre Mustier, Unicredit boss said:

“Let’s just be calm. [London] will remain an important centre for expertise.”

Surely the FT can’t ignore these…




Tip offs: 0709 284 0531
team@Order-order.com

Quote of the Day

Andrea Leadsom told BBC Radio 4’s Today

“He’s made his views on Brexit on the record, and the problem with that of course is that the chair’s impartiality is absolutely essential. … He’s made his views known on Brexit… it’s a matter for him but nevertheless it’s a challenge and all colleagues need to form their own view of that.”

Sponsors

Guidogram: Sign up

Subscribe to the most succinct 7 days a week daily email read by thousands of Westminster insiders.
CCHQ DROPS MOGG CCHQ DROPS MOGG