When looking at bankers leaving London post-Brexit, it’s computers as much as headcount (Premium)

We’ve been reading the numbers of bankers leaving Brexit (4,000 for Paris, 1,000 for Frankfurt) and something has seemed amiss. EU regulations require more than a token presence in order to consider that a branch is active on the Continent, but is headcount the right measurement? In a technology-dominated market, we propose three different metrics for figuring out the real impact of financial services moves.
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