Some French banks had told him Brexit would have consequences for
them and that some of their activities based in London might not carry
on as they were, he said.
France's Sapin says Brexit would affect London as finance hub(Spanish News Today)
London's status as a global financial centre would probably be affected to some extent if Britain votes to leave the European Union in next month's referendum, French finance minister Michel Sapin said on Thursday.
"The
City (of London) is a considerable financial force and I don't think
that (Brexit) would transform all the elements that constitute its
strength," Sapin said through a translator during a visit to London.
"But I don't think that it would be without effects which would have to be seen."
Some
French banks had told him Brexit would have consequences for them and
that some of their activities based in London might not carry on as they
were, he said.
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