French regulator urges UK to avoid Brexit clash in derivatives
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LONDON (Reuters) - Britain should avoid regulations which allow arbitrage opportunities in the trading of euro denominated swaps after Brexit, France's top market regulator warned on Thursday.The European Union is seeking to build up its own capital markets and reduce its reliance on London. The clash over where euro-denominated securities should be traded and cleared echoes the stand-off between regulators over trading of euro-denominated shares inside the bloc if there is a no-deal..