Cities around Europe are getting ready to to take the place of post-Brexit London.

Britain’s vote to leave the European Union rocked has raised concerns about the future of London as the financial and tech capital of Europe.

Many global companies said they might have to move some of their operations away from the British capital to protect their EU status. And cities are already lining up to welcome them.

Frankfurt

Frankfurt is eager to welcome bankers fleeing London. The German city is home to the European Central Bank, the Bundesbank, as well as the European Insurance authority.

Under EU rules, banks and insurance companies can operate anywhere across the EU if they establish operations in one of its member states. The city of choice has been London, but Frankfurt hopes it could become the next finance hub after Brexit.

Frankfurt also regularly ends high on quality-of-living rankings. According to Mercer’s 2016 survey, Frankfurt is the 7th top place to live, ahead of London, Paris and New York. The city is also smaller and more affordable than London.

See other cities here

http://shosilva.com/2016/07/18/7-likely-cities-that-might-replace-post-brexit-london-as-europes-financial-capital/