UK banks and Brexit [Howard Davies / ProjSyn]

Howard Davies, Chairman of RBS (and more) writes an article subtly hinting that Brexit may be a reasonable option from the point of view of UK’s finance industry.

The reason I am interested is that I think the national-sovereignty regime eliminates some of the monoculture-risk you would get with a european-scale sovereignty system.

link: http://www.project-syndicate.org/commentary/brexit-british-banks-european-rules-by-howard-davies-2016-02