About: http://data.cimple.eu/news-article/e2a0c22d4ef18344799fff3f5d48bd69b7927e40f7af349309d39354

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About: http://data.cimple.eu/news-article/e2a0c22d4ef18344799fff3f5d48bd69b7927e40f7af349309d39354 Goto Sponge NotDistinct Permalink

An Entity of Type : schema:NewsArticle, within Data Space : data.cimple.eu associated with source document(s)

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rdf:type	schema:NewsArticle
schema:articleBody	London's post-Brexit financial services industry must compete more with New York and Singapore rather than with leading EU centres, the head of British bank Barclays said Friday. "I think what London needs to be focused on is not Frankfurt or Paris; (it) needs to be focused on New York and Singapore," Barclays chief executive Jes Staley told the BBC. The UK's powerhouse financial sector, which represents around seven percent of the nation's economy, should emerge stronger from Brexit, according to Staley. "Brexit gives the UK the opportunity to define its own agenda," he said, adding that he do not feel there was any need for deregulation to achieve this end. "And in defining that agenda around financial services, staying competitive with other markets outside of Europe is really what the government should be focused on -- and I think that is what they are focusing on." Britain's departure from the European Union was finalised on January 1. The nation's long-awaited Brexit trade deal with the EU, agreed over Christmas, did not however include the finance sector. Brussels and London are aiming to seal a memorandum of understanding about financial services by March. London's financial sector is referred to as the City. "What the UK needs and London needs, is to make sure that the City is one of the best places, whether (in terms of) regulation or law or language, or talent, that manages these flows of capital wealth," Staley said. rfj/bcp/bmm
schema:headline	London finance hub must compete outside Europe: Barclays chief
schema:mentions	Financial services Frankfurt Pinniped Brussels Singapore Brexit Christmas BBC Paris London European Union New York City United Kingdom United States Jes Staley Deregulation Demography of the United Kingdom
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-02-05 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	positive sentiment
http://data.cimple...readability_score	77 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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