Banking job functions – A list of those likely to go post Brexit
Worried that your job disappearing post Brexit ? This might give you a better clue.
Bloomberg News reports that British bankers have lowered their sights when it comes to securing a Brexit deal that will safeguard the U.K.’s biggest industry. After months of pushing to keep unrestricted access to the single market, TheCityUK lobby group diluted its demands in January.
It’s no longer seeking so-called passporting, which allows global banks with bases in London to provide services to the rest of Europe. Instead, banks are now increasingly focusing on securing a version of regulatory “equivalence,” or an official recognition by the European Commission that the U.K.’s rules and oversight of specific business lines are as tough as its own. That would pave the way for a continuation or resumption of certain cross-border business.
The Boston Consulting Group has undertaken some research on the job functions that are likely to remain or relocate post Brexit.
Here’s some of the results of the results:
Remain in London / the United Kingdom
Hedge fund services
Non-euro denominated corporate bonds
Other euro-debt trading
Non euro-derivatives trading
Non-euro denominated bonds
Other euro debt trading
Euro equity derivatives
Hit the link below to access the complete Bloomberg News article: