Britain braced for Brexit raid on asset management
George Parker, Peter Smith and David Keohane
Updated
Theresa May is braced for a possible French raid on Britain's £8 trillion ($13.8 trillion) asset management industry, amid fears the sector might be the most exposed part of the City after Brexit.
Paris is vying to expand its slice of the European fund management sector along with Frankfurt, Dublin and Luxembourg, raising concerns in the UK government and the Bank of England that this could become the financial front line in Brexit.
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