Bank of England cautions EU over cross-border financial firms
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LONDON (Reuters) - Cross border supervision of major financial firms need to be worked out carefully to avoid ending up with "multiple pairs of hands on the steering wheel", Bank of England Deputy Governor Jon Cunliffe said on Tuesday.Britain left the EU last month and is seeking access to the bloc's financial market once a "business-as-usual" transition period ends in December.The London Stock Exchange's LCH unit clears the bulk of euro denominated swaps, but access to clients in the EU after..