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Regulators ask Deutsche Bank for Brexit trading rethink - source

Reuters  |  FRANKFURT 

By John O'DonnellFRANKFURT (Reuters) - European supervisors want Deutsche Bank to prepare a fallback plan to lay out how it could shift the clearing of trades from London, one person with direct knowledge of the matter said, as the region seeks to guard itself against a possible hard Brexit.The European Central Bank, which monitors euro zone lenders, is worried about the impact on the region's financial sector, should Britain drop out of the European Union without agreeing the terms of future trade, including cross-border banking. That would hurt not only banks using London as a springboard ...

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First Published: Thu, May 18 2017. 15:34 IST