London is likely to remain a major global financial centre even in the event of an adverse Brexit scenario, says research published by the Central Bank of Ireland.

“We find that given the sizeable gap between London and other financial centres in Europe, and London’s international orientation, London is likely to remain a very large global financial centre even in more adverse scenarios,” say the authors Silvia Calò and Valerie Herzberg.

The study finds London’s financial sector will be