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Gradually yes, back office functions will have to move.  But there seems to be a degree of regularity arbitrage going on whereby some regulators are offering "light touch regulation" in return for for initial competitive advantage.

Irish politicians are particularly worried about Luxembourg and Amsterdam in this regard. Call it a loss leader promotion. I have no doubt the EU will ultimately clamp down on all "brass plate" operations.  The key is to get your foot in the door, and then gradually tighten the screw if I might mix all sorts of metaphors.

My point is that any staff migration will be gradual and incremental and won't unduly stress infrastructures which are in the process of being upgraded anyway. The Irish building industry is gradually building up to boom volumes from a low base.

10,000 additional jobs in a city of over a million isn't a drop in the ocean, but it isn't transformative either.

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by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Fri Oct 20th, 2017 at 04:25:51 PM EST
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