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No case for shifting euro clearing after Brexit - City of London

Reuters  |  LONDON 

By Huw JonesLONDON (Reuters) - London is good at clearing euro-denominated derivatives deals and there is no case to shift the business to the continent after Brexit, the policy chief for Britain's financial sector said on Tuesday.The combative stance of Catherine McGuinness, newly appointed head of policy for the City of London financial district, contrasted with the more nuanced position of Bank of England Governor Mark Carney, who has spoken of an "appropriate" amount of euro clearing remaining in London post-Brexit.Her comments came as the EU's executive Commission prepares to publish a ...

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First Published: Tue, May 16 2017. 17:23 IST