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EU should aim to maintain London's financial hub status - Schaeuble
March 16, 2017 / 1:30 PM / 9 months ago

EU should aim to maintain London's financial hub status - Schaeuble

FRANKFURT (Reuters) - The European Union will need time to firm up its own financial services sector so it needs to ensure that London’s role in the sector is not compromised even after Brexit, German finance minister Wolfgang Schaeuble said on Thursday.

Workers walk to work during the morning rush hour in the financial district of Canary Wharf in London, Britain, January 26, 2017. REUTERS/Eddie Keogh

“I am totally aware and convinced that Europe as a whole... we have our own interest, even after Brexit, to have a strong financial centre in London,” Schaeuble, speaking English, told a conference in Frankfurt.

Reporting by Balazs Koranyi and Andreas Framke; Editing by Alison Williams

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