HSBC CEO Says Bankers Generating 20% of London Revenue May Move

Re:HSBC CEO Says Bankers Generating 20% of London Revenue Ma... by jon-wood on Wednesday January 18, 2017 @11:19AM (#13427456)

> Instead the EU plans to simply pass new laws in order to force the people who live in London to sell their homes, pull their children out of school, learn new languages and move elsewhere.

I think you've got this the wrong way round. The UK voted to leave the EU, and its not like nobody in the run up mentioned that it might lead to companies leaving the UK for EU countries. We made this bed. Time to sleep in it.

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Re:HSBC CEO Says Bankers Generating 20% of London Revenue Ma... by zigzigzag on Wednesday January 18, 2017 @11:30AM (#13427571)

You're also proving my point.

There is no actual, fundamental requirement for anyone to move anything anywhere in the wake of Brexit. The reason people have described this as "inevitable" is because the EU can be assured to mandate it, even though they don't have to, even though other regions don't mind having financial services provided by the UK.

You're treating the EU's behaviour as if it's the laws of physics. That's how you know that there are fanatics in the room: people stop treating their behaviour as something that can be reasoned with, and start treating it as if they were some artifact of natural laws.

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Re:HSBC CEO Says Bankers Generating 20% of London Revenue Ma... by CydeWeys on Wednesday January 18, 2017 @11:38AM (#13427665)

The EU actually means something, though. It's a shared economic system. The UK is the one who's choosing to leave that system. So of course that means that ... drumroll please ... they're actually going to leave that system, which means that jobs that work inside that system now have to move somewhere else since London won't be in the system anymore. You're twisting yourself into knots to somehow pin this on the Europeans.

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Re:HSBC CEO Says Bankers Generating 20% of London Revenue Ma... by dustinmoris on Wednesday January 18, 2017 @12:11PM (#13428023)

British people are Europeans as well. EU <> Europe. Leaving the EU <> leaving Europe (and I am not even British, but it still annoys me when people don't know what they are talking about)

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Re:HSBC CEO Says Bankers Generating 20% of London Revenue Ma... by CydeWeys on Wednesday January 18, 2017 @03:05PM (#13429800)

Did you reply to the wrong person? I'm not talking about Europe, I'm explicitly talking about the political entity known as the European Union, which the UK is leaving. I said "EU", not "Europe".

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Re:HSBC CEO Says Bankers Generating 20% of London Revenue Ma... by zigzigzag on Thursday January 19, 2017 @11:29AM (#13437028)

jobs that work inside that system now have to move somewhere else since London won't be in the system anymore

It's a false statement. The EU wants you to believe that. It is entirely false. There is no "have". There is only "want".

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Re:HSBC CEO Says Bankers Generating 20% of London Revenue Ma... by tobltobs on Wednesday January 18, 2017 @12:04PM (#13427946)

Before Brexit the UK was lobbying against the new MiFiD rules which would have enabled providing those services outsides the EU.

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Re:HSBC CEO Says Bankers Generating 20% of London Revenue Ma... by oblio on Wednesday January 18, 2017 @12:42PM (#13428378)

If we are playing soccer and you want to join but are refused repeatedly because you want to play handball (Charles de Gaulle vetoed the UK entry twice), then you somehow sneak into the soccer game and then decide to handle the ball, then, to quote the Simpsons: "that's a paddlin'".

I'm exaggerating for effect, but the EU has a clear set of rules. It's not fanaticism, it's called "working together". The UK, not the EU, decided to stop following the rules. It makes no sense for the EU to bend the rules.

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