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Thursday 27 October 2016

'Big Bang' 30 years on - What next for London's markets? IG

Published on Oct 27, 2016
As the UK celebrates the 30 year anniversary of the Big Bang, David Buik looks at how the financial landscape has changed. He says the future of London’s financial markets after Brexit is ‘all about negotiations’, and that there are ‘wonderful deals to be done if there is a proper attitude’. Buik thinks exchange controls, LIFFE market, Big Bang and global IPOs are all examples of London’s financial prowess.

He says because regulation has been tightened up, the UK is in a better position than anywhere else in the world. 30 years from now he thinks the ‘UK will have lost some of its business but not to Europe, to the US.’ He also explains why he is more concerned about political ramifications than Brexit.

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