London Review: Post Brexit Financial Landscape

Abstract

The purpose of the research is to raise a bargaining on the platform and explain whether post Brexit London would survive as a prime financial centre despite latent shock due to huge relocation of employees and business from financial sector. Brexit induced earlier estimation on huge relocation of employees and business from London indicated sharp contraction of the financial geography of the city, has later been evaluated as exaggeration. Gradually the relocation volume has been squeezed and corporate offices retreated from their previous expanded relocation plan, although gradually silent relocation has increased from a wide range of financial fields. Consequently, resilience of London in global financial system is evident, despite probable latent shock in the long term may not be overlooked. The prospect of the city of London in terms of financial business would become narrow against the rise of specialized financial centres in fragmented EU-financial market despite intra EU competition. Still being free from EU bindings, the capacity to apply more individual strategy from its own would open new opportunity for market expansion for London. But to compensate the Brexit loses and stopping further erosion to retain glory as a prime financial city it is vital to build sustainable financial relation with outer world including EU.