London’s clearing-houses will be granted temporary equivalence
Tag: contingency
Europe makes contingency plans for clearing-houses after Brexit
AS THEY PREPARE for Brexit, many of London’s financial firms have begun to move some staff, or operations, to the continent. But financial contracts, notably derivatives, are difficult to uproot. London’s clearing-houses, which ensure that a contract is honoured even if one side goes bust, are globally important. As fears of an acrimonious Brexit have […]
