The content in the following article about the EU’s proposed regulations on Bankers bonuses and pay structures runs the real risk of robbing London of its currently place as a Global Centre for finance. http://www.bbc.co.uk/news/business-21615513 Bankers and talented people in financial services are highly mobile and many can easily operate outside of the EU. London is the centre of Global finance because there are so many international players concentrated in one city. If we lose that critical mass because Singapore and Hong Kong and New York have significantly more competitive environments. If financial services leaves London in droves the City as a whole will become much poorer. Services like IFAs in London will have significantly fewer clients if the professions that rely on financial services massively contract because our clients have moved to another country.
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