Amsterdam has displaced London as Europe's biggest share trading centre after Britain left the European Union's single market, and picked up a chunk of UK derivatives business along the way, according to data published on Thursday.
The City of London had long warned of the consequences of leaving the EU single market without adequate provisions for trade in services, and notably finance, which accounted for more than 10per cent of UK tax receipts before Brexit. Platforms in Amsterdam, and to a much lesser extent Paris, accounted for a quarter of the euro rate swaps market in January, up from just 10per cent last July, IHS Markit said.
Prime Minister Boris Johnson's spokesman said London had already supplied the necessary paperwork and was"one of the world's most pre-eminent financial centres, with a strong regulatory system", adding that fragmenting markets was in no one's interests.
Being cancer-stricken and begging CPF Board to repay overdue debt; that which in any case cannot be done as the money had been commingled and funneled to private entity Temasek Holdings for Ho Ching to wager on unviable, untenable and ultimately, invariably doomed gambles