13 October 2020

As reported by The Telegraph, the impact of Brexit is already being felt across the channel as approximatley €150bn of UK assets have been displaced to France in anticipation of the end of the transition period. The Banque de France, which first publicised this figure, explained that 31 entities (mostly investment firms) had begun the process of moving over some of their resources to the European continent, by firstly applying for licences in France.  For more information on this development please click on this link to access the Telegraph’s article.