EU watchdog says can meet deadline for UK clearers after Brexit
Share:
LONDON (Reuters) - Assessing if UK-based derivatives clearing houses can access European Union investors after Brexit can be done by June, but a final decision would hinge on broader EU-UK trade negotiations, the bloc's markets watchdog said on Thursday.The London Stock Exchange's LCH unit clears the bulk of euro-denominated swaps contracts that are widely used by companies and banks across the EU to hedge against adverse moves in interest rates.The comments from the European Securities and..