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Another prominent EU politician says London will lose its €930 billion daily business after Brexit
London will lose the business of euro clearing — a €930 billion (£792 billion, $995 billion) daily business — after Brexit, says France’s finance minister Michel Sapin. Sapin said in an ...
For years, London has been synonymous with being the global clearing-house for dirty money, attracting illicit funds from around the world. However, recent developments and increased scrutiny have ...
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London faces fresh EU battle over lucrative derivatives marketThe right of London to trade derivative contracts generated ... These largely backup accounts allow commercial firms to use a European clearing house. 'The market has been growing, so has the ...
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