Daily Management Review

Credit Agricole to relocate its European bond trading operations to Paris from London


09/25/2017


Financial institutions, including banks, are moving out from London in the wake of Brexit.



On Monday, a spokeswoman for Credit Agricole has disclosed that it will be moving its European government bonds trading platform to Paris from London in September 2017.

To achieve critical mass, Credit Agricole CIB has decided to concentrate its euro flow rates market making capabilities in Paris,” said Credit Agricole’s spokeswoman.

She went on to add, “Therefore the European government bonds trading platform currently based in London will be relocated, as of September 2017, to Credit Agricole CIB in Paris where it will be positioned at the heart of our euro swaps, repo and inflation focused activities”.

Bankers in France have pledged to create 1,000 jobs in Paris as part of a plan to help shift London-based operations out of the UK once Britain leaves the EU, the world’s largest single bloc, on March 2019.

Banks which are moving out of London, due to Brexit, are selecting Frankfurt, Dublin and Paris for their European operations. The French government is making heightened efforts to attract more London banks to its shores.


 


 

Source:

http://uk.reuters.com








Science & Technology

Fast Company: Apple isn't the most innovative anymore

U.S. Space Program Could Be Delayed Due To SpaceX, Boeing Design Risks: Reuters

What trends will be affecting the health sector in the coming years?

Deloitte identifies main cyber threats for power industry

Zenuity To Take Self Driving Car Road Test In Sweden With Permission

Researchers: Half of Facebook users is fake

Amazon’s Ring gets in a privacy scandal

Facebook Is Creating A Stablecoin For Its WhatsApp Users

IBM offers to use the first quantum computer

Passport Numbers Of 5 Million Customers Hacked: Concedes Marriott

World Politics

World & Politics

AirHelp expects up to 33 th of cancellations and flight delays per day all over the world in 2019

Far-right and Catalonia: New elections in Spain

Trump is losing rating because of shutdown

Hanoi, Vietnam Chosen As Place For 2nd Summit Between Trump And Kim Jong-Un

US, China to hold new negotiations in Beijing

Human Rights Not To Be Dissociated From Stability, Macron Tells Sisi

Brexit Hijack Is Not The Parliament’s Right

Macedonia ignites political crisis in Greece