The Trader 

Market Outlook: Eurozone access to London Clearing Houses

The Trader

The Financial Times this morning reports that Valdis Dombrovskis, European Commission vice-president, has bowed to Europe’s financial industry lobbying and will allow the clearing of derivatives via London even if we end up with a no-deal Brexit. Responsible for financial regulation, he has come to realise just what an essential pillar of modern finance the derivatives $530 trillion market has become. The solution, he stresses, is strictly temporary.

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