France Banking & Financial Services Q4 2019
France's banking and financial services industry is one of the largest in Europe and is competitive in the global market.With the UK set to exit the European Union on October 31 2019, there are plenty of opportunities for France to strengthenits position regionally and globally. Favourable macroeconomic conditions will contribute to the sector's loan base growth although,at the same time, major institutions are suffering from the prolonged low interest rate environment that resulted in thinner margins.On the regulatory side, the Macron administration is implementing a raft of proposals to attract banks and other financialinstitutions, which are considering moving their UK operations due to Brexit. These reforms are focused on improving already strongregulation, as well as upgrading existing frameworks.
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