American Finance Has Left Europe Within the Mud. The Tables Aren’t Turning.

After a decade and a half of seeing the U.S. financial system pull forward because of its outsize know-how sector, European politicians are determined to struggle again in rising industries resembling inexperienced vitality. One problem they face is that America additionally retains pulling forward within the enterprise of financing the investments required.

On Thursday, Luxembourg for Finance—a public-private partnership that seeks to advertise the monetary business within the low-tax metropolis state—revealed a report detailing the alternative ways through which European banks and asset managers would possibly regain an edge relative to U.S. and Asian friends.