And he’s got a point: we here in continental Europe cannot rely as much as we once did on the free movement of financial flows around the globe. Post-Brexit, we will no longer have the global financial powerhouse of London within the EU’s jurisdiction.
The multilateral principles and rules guaranteeing a level playing field for trade and investment worldwide are increasingly being called into question, creating a sense of uncertainty, 2/3  BIS central bankers' speeches  particularly in trade relations.