| Leasing it back ... for 25 years. Pretty critical detail you left out there! Why would you sign a 25 year lease on an expensive HQ for thousands of people if you were about to leave the country? The EU revoking financial "equivalence" for non-financial reasons is a very well known phenomenon that was extensively discussed in and around the referendum time. They did it to Switzerland so there's been more since. For instance: https://www.theguardian.com/politics/2016/jun/25/london-city... “If tomorrow Britain is not part of the single market, the City cannot keep this European passport,” Villeroy, who is also governor of the French central bank, told France Inter radio. Note: no mention here of divergence, merely leaving the single market is enough to be immediately banned. There was lots like that at the time, although it's getting harder to find pre-referendum pages via search engines now. I work for a finance company that's moved its legal entity to Amsterdam Nobody ever cared about legal entities. But note you've done that in anticipation of the UK being banned from European markets, despite having no specific announced plans to change financial law in ways that would justify such a ban. |