If Britain votes to leave the EU , international banks may relocate their operations from London to Frankfurt , with some banks even moving a three - digit number of branches from Britain . However, rival financial centres are already positioning themselves to benefit if business does leave the city. Frankfurt , despite being much smaller than London , boasts the presence of the European Central Bank in the heart of Europe 's largest economy . While the chief executive of Euronext has predicted that banking operations are most likely to move to Dublin , Paris or Brussels in the result of a Brexit , rival financial centres seem positioned to move to London as other businesses exit the country .
If Britain votes to leave the EU , international banks may relocate their operations from London to Frankfurt , with some banks even moving a three - digit number of branches from Britain . Frankfurt , despite being much smaller than London , boasts the presence of the European Central Bank in the heart of Europe 's largest economy . While the chief executive of Euronext has predicted that banking operations are most likely to move to Dublin , Paris or Brussels in the result of a Brexit , rival financial centres seem positioned to move to London as other businesses exit the country .