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09.03 - 09:05
Xavier Rolet says ‘boat has sailed’ on London clearing amid Brexit battle for trillion-euro business
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fnlondon.comIt's one of the thorniest issues around Brexit.
It's called clearing, a multi-trillion euro business that London once dominated. Clearinghouses, which sit between buyers and sellers in financial transactions, are tasked with reducing risk and ensuring trades complete in case one side fails to meet its obligations.
After the UK’s formal exit...
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