How would life be under an EU regulator?
As the EU looks to grab more and more power from the London financial markets many people are now starting to wonder exactly what life would be like under an EU regulator. The fact that people are actually beginning to wonder about the future should start alarm bells ringing within the UK government, the UK financial sector and UK regulators.
As we have mentioned in one of our earlier posts, London has nothing to win and everything to lose as the European Union looks to take a stranglehold and use the London markets as a way to crack the worldwide market. No other European financial centre comes anywhere near London with regards to business levels and reputation on the worldwide stage. So far the UK government has been fairly benign and at this moment in time appears happy for the EU to take a more hands-on role within the overall European financial sector.
However, despite the fact that bankers and hedge funds for example are public enemy number one at the moment the sector brings in significant income for the UK government, substantial trade for the UK economy and attracts the best banking minds and investment managers in the world. What would life be like for London under an EU banner?
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