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Profit margins do depend on where the transaction takes place. If the City is not included in all the level playing field issues, it will become even more unregulated, almost to offshore levels. Only if the EU takes significant steps to disallow financing based upon such issues, would EU business have to avoid the City.

I don't believe that is presently the case, as EU financial regs remain not tight enough. And would Luxemburg still be allowed? Here's where it would be good to have the view of Jérôme.

All the very best to all of you in the coming year. Onward!


"Life shrinks or expands in proportion to one's courage." - Ana´s Nin

by Crazy Horse on Sun Jan 3rd, 2021 at 09:01:08 AM EST
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And a happy new year to you too!
by Bernard on Sun Jan 3rd, 2021 at 01:00:34 PM EST
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And to you!

She believed in nothing; only her skepticism kept her from being an atheist. -- Jean-Paul Sartre
by ATinNM on Sun Jan 3rd, 2021 at 04:39:05 PM EST
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