Markets

EU’s pragmatic stance on euro clearing likely influenced by Brexit

By Justin Pugsley
Mairead McGuinness
Mairead McGuinness Image: Bloomberg

The European Commission’s proposals on euro clearing seem to have been significantly influenced by Brexit and geopolitical factors, potentially placing the bloc’s derivatives industry in a stronger competitive position.

“We got nearly everything we wanted,” says one industry source, on condition of anonymity. He explains that to a very large ...

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