Cooperation or competition? What Brexit means for London’s links with the Big Apple

Nov 6, 2017 · Guest post for <a href="http://www.cityam.com/275141/cooperation-competition-brexit-means-londons-links-big"> CityAM</a> from Catherine McGuinness, policy chairman of the City of London Corporation.

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I am fresh back from a visit to the United States where I met a number of senior representatives from the US Treasury, House of Representatives Financial Services Committee, the International Monetary Fund, and leading financial firms and organisations based across the pond.

The visit to New York and Washington was timely. The UK is faced with its imminent departure from the EU, while the US is looking at a host of financial policy changes under President Donald Trump.

It was also an opportune moment to test the temperature in a city that is London’s most significant competitor in terms of its function as a global financial centre: New York.

As you’d imagine, Brexit was top of the agenda, closely followed by financial reform.

It is always interesting to discuss Brexit with international peers. There are some inevitable similarities – such as wanting to see the issue resolved as soon as possible, and the need for clarification on how the nation might continue trading with the UK – but there are also some distinct differences.

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