one and two years) had shifted above 6 percent. More recently, the BER survey presents a more mixed picture. In the survey conducted during the first quarter of 2016, the expectations of analysts increased significantly, while those of business representatives and trade unions have moderated for both years.
Whether the UK would be prepared to unilaterally grant access for EU financial institutions in order to retain the attractiveness of London as a financial centre, remains an open question. And let me add that it is of course not regulation alone that plays a role when European banks decide on opening a branch or a subsidiary in the UK.