15 December 2016

Business Insider: Spain is officially changing regulation to try and steal business from London post-Brexit

Spain is unleashing a range of new measures to make it easy for businesses to relocate from London to Madrid in a bid to take business away from Britain post-Brexit, says the country's financial regulator.

The measures include allowing companies to submit all their documents in English, fast-track authorisation for financial companies looking to relocate, as well as promising that the country will not impose any regulatory requirements beyond those set out by the European Union. [...]

Earlier this month, France's chief financial regulator said some international banks are already in the process of opening up new subsidiaries in Paris in the wake of Brexit.

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