EU fires a warning shot over City of London
European Commission tipped to delay decision on euro swaps because of UK backtracking on withdrawal agreement
15 September 2020 - 15:20
London — The EU is set to delay a decision on allowing clearing houses in London to continue clearing euro transactions for EU-based clients due to Britain’s plan to breach part of the Brexit divorce settlement, a derivatives industry source said.
The delay is one of the first warning shots from the EU as UK MPs voted late on Monday to pass the first reading of a bill that would breach parts of Britain’s withdrawal agreement from the bloc...
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