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ECB wants a stronger role in regulating of euro-denominated financial instruments, a business dominated by the U.K.

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The European Central Bank made a play for power over clearing of euro-denominated financial instruments, a business dominated by the U.K. and a flashpoint in Brexit talks. London is the site of $574 billion in euro-derivatives trades every day and home to the world’s largest clearinghouse, LCH, which is majority-owned by London Stock Exchange Group Plc. The ECB wants a stronger role in regulating the industry and the ability to force clearing to take place inside the European Union after the U.K. leaves.

Source: Bloomberg Pro Terminal

Trader I. Ivanov


 Varchev Traders

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