UK:
Brexit: Let's Wait And See
11 May 2016
DMS Governance Ltd
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Derek Delaney, Managing Director of DMS Offshore Investment
Services (Europe) Ltd. recently joined the debate about whether the
United Kingdom will remain in the European Union as the UK prepares
to vote on "Brexit" on June 23.
In an interview published in Finance Monthly (May 2016 issue), Mr. Delaney
offers fresh perspectives on what it would mean for the European
fund industry, and Irish funds in particular,
He notes that among business leaders in legal firms,
administration companies, audit firms, etc., the view is that while
Brexit would be an industry disruption, it would also create
business opportunity.
"Among investment managers, we are seeing a split view.
Managers see the disruption as an unwanted distraction. However,
they generally see most challenges as deriving from EU regulation
and hence feel that ultimately it may be best for them. In short,
there is no panic, but a real wait-and-see approach," he
states.
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