Are there risks that France might retaliate against U.S. banks operating there after the large fine imposed on BNP?

Asked Mar 7, 2015· 1 answer ·Developed Markets, Europe, France, United States, Western Europe
Faisal KhanAnswered Mar 7, 2015
Nope. No retaliation. Lots of soured relationships, but no retaliation. The fiduciary responsibility of the bank management is to increase revenue for shareholders, they are not paid to make it personal.

There would however be lots and lots of questions raised if the American market exposure is worth it or not.

Have no doubt, the US Regulators are making it extremely difficult for banks and financial institutions to do business in the US. There is preferential treatment, and the US is slowly choking money supplies where it does not want it to go. Simply put, the big bully in school is at work.
Regulatory PenaltiesRegulatory EnforcementEnforcement ActionsRegulatory Fines Developed MarketsEuropeFranceUnited StatesWestern Europe
Related in Regulators, Enforcement and Regulatory Change
Why has the U.S. government been able to levy multi-billion-dollar fines on foreign banks, while other countries have struggled to impose similar fines on U.S. banks for misconduct?1 ansHow do fines or penalties typically work?1 ansLegal (U.S.): After the Liberty Reserve arrests, how did their violations differ from the accusations made against HSBC?1 ansAML: After HSBC and Citibank, which financial institution might regulators target next for AML or sanctions violations?1 ans