Activities / Products & Services
Published on 07/07/2016
Societe Generale statement following the UK referendum

Societe Generale statement following the UK referendum

After the decision of UK citizens to leave the European Union, a long period of negotiations will begin to redefine the future of the economic relationship between the UK and the European Union. Societe Generale will closely follow the progress of the discussions and their consequences in the short, medium and long term.

Nevertheless, operating from a dual hub in Paris and London, the Group will adapt in time to best serve its international, European and UK customers. London will remain a major international financial centre, and Societe Generale will continue its development in the UK.

BREXIT: a new chapter begins

51.9% voted out, 48.1% in. The British people have chosen their side, and all we can do is accept their decision. Personally, I am very saddened by this decision, particularly as I have fond memories of my years in London. It is clear that this referendum, after 43 years of working together to build Europe, marks the end of a certain vision of Europe. And, there is no denying, it also marks the start of another. The stability of the financial markets is clearly a major issue. However, beyond the substantial short-term stress triggered on the markets - which will fade - we must ask important questions over the coming months about the political and economic future of Europe.

Read the viewpoint of Frédéric Oudéa