BRITAIN SHOOK THE WORLD BY TAKING THE SUICIDAL DECISION TO EXIT THE EUROPEAN UNION. ALTHOUGH THE VOTE WAS ADVISORY IN NATURE, AND NOT MANDATORY, THE DIE HAS BEEN CAST. STERLING DROPPED TO A 30-YEAR LOW.

SHARES IN BRITISH BANKS PLUNGED BY A THIRD AND THE PRIME MINISTER ANNOUNCED HIS RESIGNATION. WHILE THE LEADERS OF THE BREXIT MOVEMENT ARGUED THAT THEY WILL NEGOTIATE BETTER TERMS FOR THE U.K., EUROPE WILL BE MORE LIKELY TO ACT LIKE A SPURNED LOVER.

BRITAIN HAD BEEN TREATED WITH KID GLOVES. IT HAD ITS OWN CURRENCY AND WAS NOT A MEMBER OF SCHENGEN. NOW, EUROPE WILL REACT IN A VINDICTIVE MANNER. CANARY WHARF WILL EMPTY AS LARGE BANKS DECAMP FOR THE CONTINENT. MOREOVER, OTHER EUROPEAN COUNTRIES COULD FOLLOW SUIT, SUCH AS HOLLAND, FRANCE AND GERMANY.

THE DISINTEGRATION OF THE EU WILL BE A POWERFUL BLOW TO THE GLOBAL ECONOMY AND FINANCIAL SYSTEM. BREXIT IS A SIGN OF THE GENERAL FRUSTRATION WITH GLOBALIZATION AND POLITICAL ELITES. HOWEVER, IT ALSO HIGHLIGHTS THE THREAT OF THE NEW SOCIAL MEDIA NETWORKS, WHICH HAVE GIVEN A PLATFORM FOR THE MOST UNPREPARED RUMP OF THE SOCIETY TO MAKE POPULIST APPEALS TO THE MASSES.

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Established in 1963 as a Swiss bank, Banque de Commerce et de Placements – BCP – focuses its business activities on four well-established areas of expertise; Commodity Trade Finance, Wealth Management, Treasury services and Correspondent Banking. The Bank offers its commercial, private and financial institution clients the full range of services of a universal Swiss bank.