A worrying geopolitical forecast for financial services


As the Brexit negotiations become more toxic, the UK talks calmly of breaching international law, and the EU gives every indication of opting for Fortress Europe, we can only fear, in the financial sector, that we are heading for the worst of all possible worlds. Forget about Global Britain, we are in a world of America First, Fortress Europe and the Chinese dominated Asian regional model.

First, the UK. The proposal to breach international law by re-interpreting the EU Withdrawal Agreement places the UK on par with rogue states whose bond cannot be trusted. Those may have rejected more serious aspects of international law, especially on human rights, but there is, in such cases, a line that is crossed and the UK proposes to cross that line. Second, the EU. 


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