Barclays CEO Jes Staley Says Brexit Will Benefit of City of London
- Barclays boss tells BBC robust regulation is a strength
- City of London should focus on New York and Singapore, not EU
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Barclays Plc’s Jes Staley said the U.K.’s departure from the European Union will prove to be a net benefit for the City of London.
While some jobs and assets have shifted to the bloc, the chief executive officer said in an interview with the BBC that the ability of the finance industry to set its own agenda would better enable it to compete with Asian and American financial hubs.