The Possibility of Revival as an International Financial Centre
This chapter discusses Paris as an international financial centre and focuses on the role played by financial services and the numerous and various criteria that affect a financial centre’s competitiveness. It stresses both the long-term trends and the new circumstances that influence its current strengths and weaknesses compared to its main European competitors. The chapter analyses to what extent and how the Global Financial Crisis affected the financial activities of the French capital. Its banking stability, its active asset management industry, and its highly skilled labour market remain decisive advantages. The main uncertainty in the near future comes from the Brexit negotiations between the UK and the European Union, but there is also uncertainty arising from the development of technological delocalization of global firms’ financial activities.
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