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Analysis & opinionFebruary 17 2021

Green research is post-Brexit London's best hope

Outside of the EU, London is right to focus on sustainable issues in the financial sector.
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It came as little surprise, but headlines still delivered a punch when, in February 2021, data showed that equity trading had poured out of London and into several EU centres. Amsterdam soaked up the most activity, with average daily trading in the first month of the year more than four times what it was in December. A total of €9.2bn was exchanged through Euronext Amsterdam and the Dutch arms of CBOE Europe and Turquoise, compared to the €8.6bn that went through London — meaning that the post-Brexit hub has lost its longstanding European primacy in this area.

Amsterdam and other European financial centres have gained from the fact that financial services was not part of the Brexit negotiations and that no equivalence has been established between the EU and the UK supervision. Paris, Frankfurt and Milan all lit up with greater activity in January as the Brexit transition period came to an end. 

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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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