French watchdog expects Britain to diverge from EU on financial rules

LONDON, May 12 (Reuters) - French markets watchdog AMF said on Wednesday Britain will take advantage of Brexit to diverge from European Union financial rules to make the City of London more attractive.

"I see obviously an increasing divergence between the UK and EU27, but I think it's quite normal," AMF Secretary General Benoit de Juvigny told a conference held by the International Swaps and Derivatives Association.

"The UK intends to take advantage of its new autonomy and try to develop its own financial centre, its own financial market, and the EU is attached to its sovereignty and wants to develop its own financial services." (Reporting by Huw Jones. Editing by Jane Merriman)