Outside the EU, by contrast, Britain could not only ignore bonus caps,
financial transaction taxes and so on, but would be a constraining influence
on them, in that in order to compete for business in finance, Europe would
be forced to offer its practitioners a less oppressive regulatory regime.
The competition of a successful jurisdiction on Europe’s doorstep would make
reason prevail. In other words, there might be more chance of finance
getting its way once outside Europe than in it.
Les mer.