Will Big Bang 2.0 reset the City’s financial compass?
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Jump to navigation Will Big Bang 2.0 reset the City’s financial compass? But the first day of trading in 2021, as the UK began life after the Brexit transition, is up there with the most significant ones in British financial history, he says. […] Trading in EU company shares worth €6bn (£5.3bn) shifted out of London and on to the Continent in direct response to Brussels’ refusal to recognise most UK regulatory systems as equivalent to its own. […] Providing top-class infrastructure and technology to allow people and businesses “to access, borrow and invest their money, will all be critical areas of a competitive edge”, says Richard Hammell, Deloitte’s UK head of financial services. I think the UK is going to want to economically invest disproportionately in those areas to be the leading centre for the digital future of financial services.”
