News and events

In the media

The Conversation: Should I stay or should I go? Brexit is forcing City firms to make some tough decisions

Law 14 February 2019

Ioannis Glinavos head shot

Dr Ioannis Glinavos, Senior Lecturer in Law, wrote an article for The Conversation on the City’s financial firms’ potential decisions responding to the uncertainty of the UK’s future relations with the EU.

Dr Glinavos explained that attitudes and reactions regarding the current uncertainty vary from firm to firm given the different aspects of the City’s business. According to him, firms managing the investments of wealthy international clients and funds would be less affected by a regulatory rupture between the UK and the EU.

Other businesses such as insurance, commercial and retail banking would, however, be more vulnerable if the UK would to lose the ‘passporting’ right that allow banks to sell their services across the EU.

He added: “For other firms, changes brought about by Brexit are so fundamental that they no longer need to maintain a UK presence. Those will move their regulated operations or relocate the entirety of their funds, with Frankfurt, Paris and Dublin being the main beneficiaries in the field of financial services.”

Read the full article on The Conversation.

About the University of Westminster:

The University of Westminster boasts a vibrant learning environment attracting more than 20,000 students from over 150 nations and we continue to invest in our future with new developments, research projects and new ideas.

We offer highly attractive practice-based courses that are independently rated as excellent, many with international recognition. Our distinguished 180-year history has meant we lead the way in many areas of research, particularly politics, media, art and design, architecture and biomedical sciences, and our position in the city of London allows us to continue to build on our close connections with leading figures and organisations in these areas as well as in the worlds of business, information technology, politics and law.

Our commitment to educating graduates for the needs of professional life attracts high quality students from within the UK and around the globe.

Internationalisation, employability and sustainability are key elements in the University of Westminster’s vision for the future and we strive to ensure the very highest standards are met and maintained.

For the media

For the media

Here we hope you find everything you will need to research, write and publish your story or blog post.