An independent think tank at the Riigikogu Seminar “The impact of Brexit on financial services”
Brexit will cause damage to the financial services of both the United Kingdom and Europe, and the financial centres located outside Europe, like New York and Singapore, may benefit from it, was the main message of the seminar organised by the Foresight Centre, where the impacts of Brexit were discussed.
At the same time, Brexit will bring along new opportunities for the cities of Europe. For example, Bedford Row Capital Advisers, an asset management company in London, has established an office in Tallinn due to Brexit. If the advantages of Tallinn were skilfully promoted, other financial enterprises of London may also follow their suit. Strong development of technology and simplicity of doing business speak in favour of Tallinn. There would be potential first of all for fintech companies with modest number of employees.
Chairman of Bedford Row Capital Advisers Stuart Gordon, Chairman of British Estonian Chamber of Commerce James Oates, and Deputy Chairperson of the Foreign Affairs Committee of the Riigikogu (Parliament of Estonia), former Minister of Foreign Affairs Keit Pentus-Rosimannus were the keynote speakers at the seminar on the impacts of Brexit on financial services.
Representatives of Swedbank, the Central Bank of Germany, the Ministry of Economic Affairs and Communications, the Ministry of Foreign Affairs, the Ministry of Social Affairs, Tallinn University, the Estonian Business School participated in the seminar.
The seminar was organised by the Foresight Centre.
Latest news
-
10.11 2025Report: Estonia could learn how to control healthcare costs from the Netherlands
The expenses of the Estonian Health Insurance Fund significantly exceed its revenues, and the accumulated reserves will be depleted in the next five years. Other European countries in the same situation have cut healthcare services and increased people’s co-payments. According to the Foresight Centre’s new short report “Other countries’ experiences in managing healthcare budget deficits”, both solutions have worsened public health and deepened inequality.