27.06.2016 - Brexit threatens London’s status as a markets hub
London is the world centre of the complex plumbing of markets, but leaving the EU complicates that. The UK’s decision to leave the EU has already prompted dire warnings over the implications for the City of London’s position as one of the world’s biggest financial trading hubs. François Villeroy de Galhau, Bank of France governor and ECB governing council member, said: “If tomorrow Britain is not part of the single market, the City cannot keep this European passport, and clearing houses cannot be located in London either,” he told French radio...............................................Full Article: Source
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