Past event

Corporate Members

The City and Brexit: The Future of the UK's Financial Services Industry

Chatham House London

Participants

Gina Miller, Founder, SCM Private

Savvas Savouri, Chief Economist & Partner, Toscafund Asset Management

Frank Gill, ‎Director of European Sovereign Ratings, Standard and Poor's

Danny Corrigan, chief executive, exchange-traded derivatives firm

Chair: Patrick Jenkins, Financial Editor, The Financial Times

Overview

As the EU referendum approaches, the UK’s financial services sector has been divided over the potential impact of a vote to leave the European Union. Concerns exist over the level of access to EU markets that the UK would be granted in the event of an exit and whether this would prompt a banking exodus with foreign banks moving operations to EU financial centres such as Frankfurt, Paris or Dublin. Conversely, several voices within the sector have argued that a Brexit would free the UK of the burden of EU regulation and enable it to broker more lucrative deals with emerging markets. The panel will analyse the possible scenarios and debate whether an EU exit would leave the financial services sector, and the UK economy, in a stronger or weaker position.

This event is open to corporate members only and will be followed by a reception.