Nasdaq Europe has
said it will expand derivatives clearing to include euro
interest rate swaps in the coming months, in the latest
move by European Union market operators to pull business from
London.
European Union states agreed
on Wednesday that banks and asset managers in the bloc must have
an account with a clearing house in the EU to process business
currently done in London, though stopped.
EU states back moves to shift euro clearing from London to bloc kitco.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from kitco.com Daily Mail and Mail on Sunday newspapers.
EU Committee Backs Law to Relocate Euro Clearing From London to Bloc usnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from usnews.com Daily Mail and Mail on Sunday newspapers.
An influential committee of
European Union lawmakers voted on Tuesday in favour of a draft
law aimed at shifting clearing of euro-denominated derivatives
from a post-Brexit London to the bloc. .