By triggering Article 50, the United Kingdom officially started the two-year countdown to Brexit. Many EU member states hope now to benefit from a relocation of the British financial sector. The benefits that capital markets in the EU-27 enjoyed by accessing the City of London, Europe’s largest financial centre, have been undermined in this debate. Philipp Ständer analyses the consequences of Brexit for Europe‘s capital markets.
Philipp Ständer is Advisor at the Federals Ministry of Labour and Social Affairs, he formally worked for the Jacques Delors Centre.