In yesterday’s column, I discussed the potential impact of Brexit on London’s position as a key hub for global business and finance.

Much of the debate has centered on what will happen to the so-called passporting regime, which allows banks and other financial institutions to trade freely across the European Union. Passporting has helped establish London as the region’s leading financial market, with many U.S. and international banks running their European trading out of the U.K. capital.

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