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DatabankNovember 1 2016

Is Brexit affecting London's status as Europe's financial services FDI leader?

London leads Europe for financial services FDI, but with a UK-EU divorce in sight, can the capital retain its attraction to investors? Silvia Pavoni reports.
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As the UK and the other 27 members of the EU prepare to engage in heated negotiations over their divorce, and ahead of the deadline to initiate official proceedings slated for March 2017, it is worth looking at how the financial centres in the still legally united bloc fare in terms of appeal to foreign investors.

London remains the biggest magnet for financial services foreign direct investment (FDI). However, the contraction in capital expenditure between September 2015 and August 2016, compared with the preceding 12 months, is evident, with the June Brexit vote the biggest market-moving event of the period.

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Silvia Pavoni is editor in chief of The Banker. Silvia also serves as an advisory board member for the Women of the Future Programme and for the European Risk Management Council, and is part of the London council of non-profit WILL, Women in Leadership in Latin America. In 2019, she was awarded an honorary fellowship by City University of London.
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