Brexit is in the best interests of both Britain and Europe
MY city career was wholly concerned with an issue that goes to the heart of the UK referendum campaign - sovereignty. I was exclusively involved with financial securities and related instruments, including weathering London's 1986 "Big Bang" liberalisation. By then, I had already spent six years developing and running the Liffe financial futures exchange.
I was initially an economist, later a bond salesman in the market for UK government bonds, known as gilts, because of their absolute, sovereign guarantee. London then was the only significant such financial market in Europe.
In the 30 years since Big Bang, the financial markets in Europe have shown they can make giant reforms. Unfortunately, we cannot say the same of the European Union (EU).
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Columns
‘Competition for talent’ a poor excuse to keep key executives’ pay under wraps
OCBC should put its properties into a Reit and distribute the trust’s units to shareholders
Why a stronger US dollar is dangerous
An overstimulated US economy is asking for trouble
Too many property agents? Cap commissions on home sales
Time to study broadening of private market access