1: Paris, the Euro Area’s leading financial centre
The Paris financial centre plays a leading role in Europe, thanks to its clusters of excellence:
a leading investment cluster in Europe for investment funds, with €1,500 billion, and the leader in the Euro Area, if one considers the total assets managed in France, amounting to €2,600 billion.
a powerful network of finance and investment banks with several clusters of excellence: equity derivatives (26% of market share in Europe), complex financial packages/structured financing (25% of market share in Europe), asset management (four French players among the global top 20) and post-trade securities
processing (three French banks among the global top 10 for custody).
an active stock market which includes Euronext, Europe’s second largest stock exchange, just behind London in terms of transaction volume (€2,000 billion) and stock market capitalization.
Europe’s leading corporate bond markets: Paris carries out nearly 35% of total bond issues in the Euro Area and accounts for nearly 40% of all credit.