Some 70 percent of audience members at this years’ Irish Fund’s London Alternative Investment Seminar said they were ready to implement their post-Brexit plan.
The topic of Brexit featured heavily across keynote speeches, panels and audience questions at this year’s seminar.
In a panel discussion entitled ‘Brexit SOS’, one panelist said that because 265 UK alternative investment funds are connected with, or operating Irish funds, there could be significant delays if all managers leave their Brexit plan to the last minute.
She warned that the time to get ready is now.
Another panellist said that Brexit will affect Ireland especially, as the UK is Ireland largest trading partner. Another panellist claimed that the UK could become a ‘fake Norway’.
In the same panel, one panellist said: “Some [political] momentum is building up, which is going somewhat unnoticed, unless we see some major changes five years of negotiation will anticipate towards something on the table, though it may not be as radical—adding coordination and cooperation is key.”
She continued: “In relation to financial services, Brexit is such an anomaly. Since the financial sector is so far-spread across the world, it will be manageable.”
The panel seemed united in the reasoning that “if politician fail, regulators will step in”.
