LUXEMBOURG Oct 10 France is helping banks and
financial institutions to consider a move from London to Paris
after Britain voted to leave the European Union, the French
finance minister said on Monday.
The French authorities are eager to attract financial firms
from London after Britain's EU exit vote and have already
offered to handle their files in English if they decide to move
to the French capital.
Asked whether France has more concrete plans to attract
banks from London, Michel Sapin said: "Large financial
institutions make their decisions autonomously."
"But it's not prohibited to help them reflect and give them
information on the quality of Paris (as a financial centre). We
do it without any particular animosity against London," he told
reporters on his arrival at a meeting of euro zone finance
ministers in Luxembourg.
In a recent interview Sapin also said London cannot remain
as the main euro clearing centre once Brexit is completed.
"After Brexit, it will not be as before Brexit. They wanted
a change. There will be a change," Sapin added on Monday.
Last week, French President Francois Hollande said the
European Union should be tough on Britain after the country had
apparently chosen a "hard Brexit", in which Britain leaves the
EU's single market in order to impose controls on immigration,
disrupting access to its main trading partner.
The pound fell heavily in Asia after Hollande's remarks, but
Sapin said it was unclear whether the drop was caused by
(Reporting by Francesco Guarascio)