EU may tighten grip on euro clearing after Brexit

ReutersNewsPublished: June 13, 2017Updated: June 14, 2017
Published: June 13, 2017Updated: June 14, 2017

Brussels is expected to announce whether it will force London's £747 billion-a-day euro clearing business to relocate to the eurozone after Brexit in what could be a major blow to the Square Mile. As David Pollard reports, one source says the EU will give itself powers to move the business and adopt a model closer to that operated in the U.S.

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