Many banks have opened new offices in other EU countries to protect their regional operations through Brexit. Photo: w-n.com.ua
British EY has estimated the value of exported British assets because of Brexit. According to her calculations, this amount could reach about $1 trillion.
“The closer we approach this time (exit from the EU Gazeta.ua) without signed agreements, the more assets will be transferred to other countries, and staff will be hired on the spot or as translated,” commented the Agency the situation, the head of financial services EY Omar Ali, reports reuters.com.
According to experts, the figure is about 10% of the total assets of the banking sector Britain is still a “conservative estimate”.
Many banks have opened new offices in other EU countries to protect their regional operations because of Brexit. It also meant the need to move significant assets to satisfy the requirements of European regulators.
Other firms are moving assets to protect clients against market volatility and sudden changes in regulation. Most frequent cities for the transfer of assets, according to consulting company, are Dublin, Luxembourg, Frankfurt and Paris.
See ALSO: IN Britain, called the date of a vote for Brexit
The output of the United Kingdom from the European Union threatens long-term growth of the world economy. This was stated by President Barack Obama during a summit of the free trade North America (NAFTA).