3.2 Brexit As far as Brexit is concerned, with the deadline approaching, financial services firms have no choice, but to continue preparing for the worst outcome ("no deal"), hoping for the best. The closer we get to 29 March without a deal, the more business from the City of London will be transferred and staff either hired locally or relocated.
Many companies have already confirmed they are moving or adding staff and/or operations elsewhere. It has been projected that up to 7,000 jobs may relocate from the City to Dublin and Paris, and more firms will relocate to New York, so why not also to Singapore?