Banks expect London to remain a top financial centre

LONDON: London will remain a leading global financial centre despite uncertainty over regulation due to Brexit, according to Lloyds Bank’s annual sentiment survey of financial firms.

Britain fully left the European Union (EU), its biggest single export customer, in December last year, with thousands of jobs and billions of euros in daily trading moving from London to the continent, raising concerns about the capital’s clout in global finance.But the survey of more than 100 banks, asset managers and insurers showed that more than two-thirds believe that London will remain a top centre.