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Expert says London to remain leading financial center after Brexit

July 06, 2016, 15:24 UTC+3

A Russian experts notes some kinds of financial transactions can migrate from London to the continental Europe

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MOSCOW, July 6. /TASS/. London will remain a leading global financial center after Brexit, team leader on establishment of the international financial center in Russia Alexander Voloshin told TASS on Wednesday.

"London will definitely remain one of leading global financial centers. However, certain kinds of financial transactions, just as specific institutions, will migrate from London to the continental Europe by virtue of requirements of European regulation," Voloshin said.

The United Kingdom will try to hold the business and improve attractiveness of its jurisdiction in the new conditions, the expert said.

Political consequences of the recent referendum may be "fairly serious for the United Kingdom and the European Union," he added.

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