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Risks and Opportunities

In: Financial Centres in Europe

Author

Listed:
  • Rym Ayadi

    (Centre for European Policy Studies)

  • Emrah Arbak

    (Centre for European Policy Studies)

Abstract

The following discussion will cover the most important challenges and opportunities awaiting the small financial centres during the rest of the 2010s. The objective is not to provide an exhaustive list of potential issues but simply a general overview of the main factors and forces that may drive change within the period foreseen. The main issues considered will be: the short- to mid-term impact of the financial crisis; the renewed drive to regulate the financial market, especially in the EU; the growing attention paid to global cooperation on tax competition; fiscal concerns in most developed countries; and the shifting poles of global economic activity and wealth.

Suggested Citation

  • Rym Ayadi & Emrah Arbak, 2014. "Risks and Opportunities," Palgrave Macmillan Studies in Banking and Financial Institutions, in: Financial Centres in Europe, chapter 4, pages 62-102, Palgrave Macmillan.
  • Handle: RePEc:pal:pmschp:978-1-137-27504-2_4
    DOI: 10.1057/9781137275042_4
    as

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