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You may wish to check the EU Financial Services Passporting regulations; in particular the supervision of "significant-plus" branches and the Technical Standard

You may wish to check the EU Financial Services Passporting regulations; in particular the supervision of "significant-plus" branches and the Technical Standards for information exchange between the home office and the branch offices (if any are in the EU), and supervision of those offices and relevant local authorities.[0] [0] https://www.eba.europa.eu/regulation-and-policy/passporting-and-supervision-of-branches https://www.eba.europa.eu/regulation-and-policy/passporting-...

charlesdm 10y ago
1. Passporting isn't required for all banking activities. It is required for sourcing certain capital, for example. You can still have plenty of people in London, without access to the single market, handling capital of investors in the EU. 2. Paris (France), really? They are as anti capitalist as they get. Just look at the wealth tax thing only a couple of years ago. A gazillion little things like that exist in France. I mean, I love the country, but no, just no. It's not a place you go to run (or found) any business, I would say. There would need to be a very good reason to do so.
- renaudg 10y ago
  Paris is already the highest ranked financial center in the eurozone, according to at least one index : https://en.wikipedia.org/wiki/Financial_centre#International_Financial_Centres_Development_Index https://en.wikipedia.org/wiki/Financial_centre#International...
  - charlesdm 10y ago
    It has grown historically into a financial center, yes, over centuries. But how many executives (that aren't french citizens) are deciding today that they want to base financial firms in Paris and live there, over London? The UK is much more pro business than France is. And it still will be, even after Brexit. I love both cities, but you just can't put them next to each other (for finance) and expect Paris to win on the professional end, in my opinion.
  - Chris2048 10y ago
    Maybe if its financial centers were stronger, it would have also passed on it, like the UK and Switzerland.

charlesdm 10y ago

1. Passporting isn't required for all banking activities. It is required for sourcing certain capital, for example. You can still have plenty of people in London, without access to the single market, handling capital of investors in the EU. 2. Paris (France), really? They are as anti capitalist as they get. Just look at the wealth tax thing only a couple of years ago. A gazillion little things like that exist in France. I mean, I love the country, but no, just no. It's not a place you go to run (or found) any business, I would say. There would need to be a very good reason to do so.

renaudg 10y ago
Paris is already the highest ranked financial center in the eurozone, according to at least one index : https://en.wikipedia.org/wiki/Financial_centre#International_Financial_Centres_Development_Index https://en.wikipedia.org/wiki/Financial_centre#International...
- charlesdm 10y ago
  It has grown historically into a financial center, yes, over centuries. But how many executives (that aren't french citizens) are deciding today that they want to base financial firms in Paris and live there, over London? The UK is much more pro business than France is. And it still will be, even after Brexit. I love both cities, but you just can't put them next to each other (for finance) and expect Paris to win on the professional end, in my opinion.
- Chris2048 10y ago
  Maybe if its financial centers were stronger, it would have also passed on it, like the UK and Switzerland.