Follow Us

Follow us on Twitter  Follow us on LinkedIn


Summer holidays from today … back on 9th September! I wish all my readers Happy Holidays – wherever you are allowed to go!

Why not try our new service? Brexit and the City - the Impact

"Brexit has ended the Golden Age of the City" video with Federal Trust Director Brendan Donnelly

Brexit and the City of London: April 2021 Video Update


31 May 2018

Handelsblatt: Banks seek answers to remaining Brexit Question

Default: Change to:

Handelsblatt discusses the Brexit question which remains unanswered for those in the financial sector: Will financial institutions be allowed to conduct derivative transactions in euros in London post-Brexit?

Since the Brexit decision, an intense political debate has arisen as to whether euro clearing can remain in London, where up to 100,000 British jobs are generated. There has not yet been a final decision on the subject. A European Parliamentary committee voted last week in favour of a draft law which instructs EU regulators to check on “systemic” foreign clearing houses that handle large amounts of euro-denominated assets like interest rate swaps. A Bundesbank board member expressed concerns this week over the proposed regulation, warning that the European rules may leave EU regulators short of the power they need to protect Europe’s financial sector post-Brexit.
Sourcing and translation by European Movement International


© Handelsblatt

< Next Previous >
 Hover over the blue highlighted text to view the acronym meaning
Hover over these icons for more information

Add new comment