Would Brexit be the final straw for financial services in the UK?

Nearly 2.2m people work in financial services in Britain, which is a global centre of excellence in the industry. What impact would leaving the EU have on the sector? Robert van Geffen looks at whether UK banks would continue to be able to ‘passport’ services across the EU and, if not, how they might get around the problem. Even assuming they were able to do that, he writes, the UK would no longer be able to influence EU financial regulation. Furthermore, it is unlikely to cut back on regulation as a result of Brexit.