EU to extend equivalence for euro clearing beyond March 2020 - Dombrovskis

BRUSSELS (Reuters) - The European Union is planning to extend access to London-based clearing houses for EU clients beyond next March to give the financial industry more time to prepare for Brexit, the bloc's finance commissioner said on Friday.A temporary EU permission, known as equivalence, that treats Britain-based clearing houses, like London Stock Exchange's derivatives central counterpart, as EU firms even after Brexit is due to expire on March 30, raising the prospect of EU customers..