France offers to register banks fleeing London in English

France offers to register banks fleeing London in English
 

French financial regulators offered on Wednesday to speed up the process of registering financial firms leaving London for France by handling their files in English.
The French government and regulators are eager to attract banks and other financial firms from London after Britain's EU exit vote, which could deprive them of access to continental markets.
France's ACPR financial regulator and AMF securities regulator said they would accept existing legal documents in English from firms already registered in other EU countries.
Not only would firms be spared the trouble of drafting new... read more

 
28 September 2016 in Business, Views: 35
Source: Reuters
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