What could be the long-term implications of Brexit for the City?

Now the immediate fallout from the Brexit vote is behind us, the investment industry is beginning to think about the longer-term impact of the UK's decision to leave the EU.

A recent survey by the Chartered Financial Analyst (CFA) Institute found the majority of industry participants expect the impact to be negative overall - some 82% of respondents said London is likely to be a loser as a consequence of Brexit. Respondents suggested business is likely to shift to Dublin and Frankfurt, with 69% and 62% respectively naming these two hubs as the likely 'winners' from the outcome of the referendum. The survey, which combined responses from over 2,000 finance professionals living in the UK and EMEA region, was shortly followed by a warning from London's finan...