This is a bit of a departure from my usual conversations with brokers and tech firms. In the latest edition of The Lowdown, I sat down with Angus Canvin to talk about Brexit, regulation and the future of UK financial markets.
I have known Angus for many years, and when he agreed to share his time and thoughts, it was too good an opportunity to pass up.
His career has taken him from the Bank of England to the FSA (now the FCA), the European Parliament, Goldman Sachs, Head of Brexit at the Investment Association, and UK Finance, where he was Director of International Affairs. That puts him in a rare position to speak openly about where the UK stands with the EU, and what the City needs to do next.
He speaks candidly about Brexit, the regulators’ mindset, competition from Paris, Frankfurt and Singapore, stablecoins and tokenisation, what the UK can learn from the US, and why he believes a successful City of London is in the national interest.
“The UK needs to be much more risk friendly.”
CHAPTERS
Introduction00:49 Angus Canvin’s Career, From The Bank Of England To UK Finance
02:56 Brexit: What London Lost
05:22 Paris, Frankfurt And The Fight For The City’s Business
09:47 Has Brexit Brought Any Benefits?
14:11 Dubai, Singapore And The Regulators’ Mindset
21:05 Stablecoins, Tokenisation And The UK’s Own Path
28:25 Rejoin, Realign Or Negotiate Forever?
32:45 What The UK Can Learn From The US
38:06 IPOs, Listings And Building Pools Of Capital
41:10 London In 10 Years: Risk And The National Interest
