The Changing Landscape of International Finance Centres
London has been a financial centre for centuries. Sir Mark Boleat discusses some of the reasons why London has achieved this status and how Brexit might impact this position.
Overview
London is currently deemed to be an international financial centre (IFC). Their role as an IFC is partly due to their rule of law, political stability, and high-quality education system, and partly due to the decisions of other countries that have made them less appealing to base businesses. Although not the sole reason for London’s IFC status, being a member of the European Union was a key advantage. Brexit will certainly impact London’s position.
Key learning objectives:
Explain London’s role as an IFC
Outline the features that have positively impacted London’s status as an IFC
Explain how Brexit will affect London’s position as an IFC
Summary
Expert
Sir Mark Boleat
Sir Mark Boleat has held a wide range of board level appointments in the UK and Jersey. He is currently the Chairman of LINK, Eldon Insurance Services and the Governors of the City of London Academy Highbury Grove. Sir Mark is also Vice Chairman of the Advisory Board of the International Business and Diplomatic Exchange.
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