Bank of England warns of limits to EU supervision of UK clearers
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LONDON (Reuters) - Cross-border supervision of clearing houses needs to be worked out to avoid "multiple pairs of hands on the steering wheel" in a crisis after Britain disentangles itself from the EU, Bank of England Deputy Governor Jon Cunliffe said on Tuesday.Britain left the European Union 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..