EU should create ‘virtual’ post-Brexit replacement for City of London – Bundesbank official

The Deutsche Bundesbank

The European Union should aim to create a virtual financial centre to replace the City of London after Brexit, according to a member of the Deutsche Bundesbank’s executive board.

“London will not, as some have suggested, maintain its current role as the financial centre of the EU after Brexit,” Joachim Wuermeling told an audience in Frankfurt on February 15. There was “no substitute outside the EU” for the access granted by  “being part of the single market”, he said.

But there was also no

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: