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The head of the London Stock Exchange Group, Xavier Rolet, said this week that there is no immediate threat that euro-denominated clearing could leave London after the UK’s decision to leave the EU as the rules that could pull the business away from London would require an EU treaty change.
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Although the Brexit vote has raised questions about the role of the City and some of the institutions based there, Rolet played down ideas that euro-clearing, which takes place through its clearing house arm, would lose ... (read more)