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LONDON (Reuters) - A hasty shift in euro-denominated derivatives clearing from London to Frankfurt to meet European Union post-Brexit demands may drive business to New York and shackle the 27-member bloc s capital market, banks warn.
The future of where euro derivatives are cleared for customers in the bloc became a focal point in the Brexit debate, with EU politicians keen to wrest control of the 100 trillion euro ($122 trillion) market away from the City of London after Britain quit the EU.
Whilst employing a relatively small number of people, euro clearing is a central cog in European financial markets so EU policymakers argue they should have full oversight of it.
Huw Jones
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A street sign is seen in front of the New York Stock Exchange on Wall Street in New York, February 10, 2009. REUTERS/Eric Thayer
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A hasty shift in euro-denominated derivatives clearing from London to Frankfurt to meet European Union post-Brexit demands may drive business to New York and shackle the 27-member bloc s capital market, banks warn.
The future of where euro derivatives are cleared for customers in the bloc became a focal point in the Brexit debate, with EU politicians keen to wrest control of the 100 trillion euro ($122 trillion) market away from the City of London after Britain quit the EU.
Analysis-New York could profit from Brexit tussle over euro derivatives reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
The Bengal
Posted By: Guest Writer
April 21, 2021
Photo Courtesy of Idaho State University
Idaho State University
Press Release
Taking COVID-19 pandemic challenges in stride, the Idaho State University Disaster Response Center (DRC) is preparing to host multiple training events in the coming months to assist with the readiness and skill development of emergency responders.
The DRC is currently working with local, regional, and state entities to host training events at its facilities on ISU campus in Pocatello.
Training scenarios for emergency responders include subterranean, breaching, and HAZMAT response. One of the emergency responder communities that the DRC will be hosting includes the Civil Support Teams (CSTs). CSTs are part of the United States National Guard which supports civil authorities during domestic natural or human-made disasters that may result in catastrophic loss of life or property. There are 57 federally sustained but state-controlled CSTs throughout the
Bruce Savage of Lewes, Del , dies at 70 washingtonblade.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from washingtonblade.com Daily Mail and Mail on Sunday newspapers.