Magazine date:
Oct 2016 John Nelson, Lloyd’s chairman, believes that the lack of visibility characterizing future relations between Great Britain and the European Union is straining the London market considerably. According to J. Nelson, the financial sector is poised to continue benefiting from the rights associated with the single passport and accessing European market.
As the case may be, investors and all financial institutions will be up against serious disruptions. He, therefore, asks the government to make quick clarifications on the matter. J. Nelson adds that it is possible for a major part of Lloyd’s activity to be transferred to continental Europe before the end of the negotiations with the European Union over Brexit [4].