Regulatory advantages could see Amsterdam win in Brexit exodus
While Frankfurt and Dublin both remain as two of the most plausible and welcome options for banks looking to relocate out of the UK ahead of Brexit, thanks to its regulatory authorities Amsterdam is emerging as a strong contender.
The Dutch Authority for the Financial Markets oversees some of the most essential European proprietary trading firms outside the UK. According to a Bloomberg report the regulator allows these firms to trade with big pension funds and insurance companies without treating them as clients – greatly reducing legal and regulatory burden.
Amsterdam also reportedly has an advantage in terms of data links and bandwidth with an Equinix report showing 83 terabytes per second, second only in Europe to London.
With several thousand banking and trading personnel still looking to relocate out of the UK, Amsterdam is emerging with more to offer than originally thought.