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http://www.standard.co.uk/business/london-bankers-are-on-the-way-to-paris-says-hsbc-s-gulliver-a3443491.html
Better restaurants?
Better restaurants?
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Closer ties with Europe it's a bigger market 500 million people..
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Paris is a dump these days. A far cry form 10-15 years ago when it was my favourite city
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I lived there 1992-95 was a nice place but dangerous with nail bombs going off
all over the place and Police and Army with machine guns in the Gare du L'est and Nord. |
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Thought HSBC was moving to la Brum?
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There is a plan B.
Maybe. If passporting is off the table, the U.K. may have to fall back on regulatory “equivalence,” which allows companies based outside the EU privileged, if targeted, market access. It would require the European Commission to recognize that the U.K.’s rules and oversight of specific business lines are as tough as -- equivalent to -- its own. The EU utilizes equivalence to reduce overlaps and capital costs for EU companies that must comply with rules in other countries. Most EU financial-services acts contain provisions for equivalence, including the updated markets rules known as MiFID II, which come into effect in 2018. Equivalence is also possible for some purposes in the EU’s bank capital rules and in Solvency II, which governs the insurance industry. https://www.bloomberg.com/news/articles/2016-10-19/u-k-banks-brexit-hopes-boil-down-to-one-word-quicktake-q-a |
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Well it's obvious our country is crippled with low growth and high unemployment while we are still in the E.U.
the best thing we can do is employ an army of bureaucrats to put an end to all that mdness and negotiate a friction free expensive new time consuming costly system to get us out of this mess that the E.U. has caused. |
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All your proposals answered in 30 seconds.
https://www.youtube.com/watch?v=UPAvkPyOklc |