The “Brexit” vote has presented economic challenges as well as new opportunities that should be met to help London retain its title of the leading international financial centre, Chancellor George Osborne and the senior executives of five major investment banks said in a joint statement on Thursday.
“Britain’s decision to leave the EU clearly presents economic challenges which we are determined to work together to meet,” they said in the statement.
“We will also work together to identify the new opportunities that may now become available so that Britain remains one of the most attractive places in the world to do business.”
The chancellor and bank chiefs said one of Britain’s key economic strengths is that it is a world leading financial centre.
They also pointed out that the country has one of the most stable legal systems in the world, a brilliant workforce and deep, liquid capital markets, and everything supported by world class regulators.
“In recent years it [Britain] has established itself as a global hub for renminbi, rupee, Islamic finance and green finance, as well as leading in new markets such as FinTech,” they said.
“Today we met and agreed that we would work together to build on all this with a common aim to help London retain its position as the leading international financial centre.”
Senior executives from Standard Chartered, Goldman Sachs, Bank of America Merrill Lynch, Morgan Stanley and JP Morgan met the chancellor.
The material has been provided by InstaForex Company – www.instaforex.com