London financial firms can work around Brexit

Staley: ‘There will be uncertainty, but having been in the financial industry as long as I have, it’s amazing how creative it can be.’ – Reuters

LONDON: Barclays Plc chief executive officer Jes Staley said London’s financial sector is inventive enough to find a way around Brexit and remain integral to the European Union’s (EU) economy, provided politicians don’t erect walls to shut out the UK.

“So long as those barriers are not put up, there will be workarounds around Brexit so that London will remain a very important source of capital for continental Europe,” Staley said in a Bloomberg Television interview.