Frankfurt Waiving Strict Labor Laws for Prospective Lenders Leaving UK

[kreslik.news]

The battle to become the EU’s next financial hub post-Brexit is currently unfolding, with Dublin and Frankfurt positioning themselves in a two-horse race. Just one week after a tranche of banks and asset managers were said to be signing deals to relocate to Dublin, Frankfurt has resorted to waiving rigid labor laws as a further means of attracting lenders.

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Last month, Nomura and Daiwa Securities Group became the first major lenders to solidify their plans to relocate their EU base of operations to Frankfurt. The decision ended months ... (read more)