As interesting is that 82% believed that among financial capitals, London has the most to lose while rivals including Luxembourg, Amsterdam, Paris, Dublin and Frankfurt had been strengthened by the British decision – with Frankfurt and Dublin in the lead. [...]
That said, Finance Minister Pierre Gramegna told Bloomberg during a post-Brexit-vote London trip that while the country is not trying to “lure” banks, it’s the ”obvious choice” for those that must move employees to retain free access to the E.U. single market. “We have already many British players in our country,” he said. “We are a triple-a country…And we have a lot of political stability and hence a lot of predictability.”
Some companies are already making moves in the wake of the vote. Gibraltar-based Elite Insurance, for instance, is planning to set up an insurer in Luxembourg for its European, non-U.K. business. [...]
France has been among the most vocal E.U. members to urge a fast U.K. exit and has been open in its efforts to promote itself as an alternative. Meanwhile, Frankfurt – host to the European Central Bank and considered a leading contender, established a web site and hotline to encourage potential transplants, while Ireland has intensified its campaign, emphasizing its standing as the only English-speaking, E.U. and eurozone member.
No comments:
Post a Comment