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Old Posted Nov 29, 2017, 11:12 AM
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10023 10023 is offline
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Quote:
Originally Posted by LondonParis View Post
On a short term maybe.... But we have to look at a long-term basis here. The fact that the European Banking Authority decided to move to Paris is a huge benefit for Paris and France in general actually as it will draw more and more financial institutions to Paris and therefore, other companies will automatically follow the movement. It's going to be a huge win for Paris ! And as Mr. Blankfein said, people are much more inclined to move to Paris than Frankfurt ! I mean come on, who the hell wants to trade London for Frankfurt ?? Now Paris on the other hand... Fashion Capital, Haute Cuisine Capital, beautiful architecture, amazing world class museums, history all over the place...Etc...etc...Etc (the list is too long)
The banking authority moving to Paris means nothing for the financial sector. It creates some good paying jobs for bureaucrats, but banks and trading firms have no reason to want to be co-located with their regulator.
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