FILE PHOTO: A double-decker bus passes by Union Jack flags displayed by pro-Brexit supporters outside the Houses of Parliament, following the Brexit votes the previous evening, in London, Britain, March 28, 2019. REUTERS/Hannah McKay
March 28, 2019
PARIS (Reuters) – Europe’s financial sector is prepared for Brexit, but that is not the case in the corporate sector with mid-sized and small firms, BNP Paribas chairman Jean Lemierre said on Thursday.
“The financial sector from my point of view … stands ready, I have a doubt about the corporate sector,” Lemierre told a conference at the French central bank.
“Large companies are ready, they have contingency plans, they have created stocks of pharmaceutical products and so forth. Mid-sized and small companies are not ready and (there) will be whatever happens a disruption for them,” he added.
(Reporting by Leigh Thomas; editing by John Irish)