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"Despite French and German threats to claw away clearing in euro-denominated derivatives, Britain will probably continue to house trillions of euros of swaps tr
by kartan 10y ago
"Despite French and German threats to claw away clearing in euro-denominated derivatives, Britain will probably continue to house trillions of euros of swaps trades because limiting where the operations can take place could backfire, said the executives from several global firms"
"Bankers have not been unanimous in their views, however. Executives at four of the biggest global investment banks in London in September said they expect France and Germany will prevail in the clearing tussle."
Some bank execs think that it will stay, other bank execs think that it will leave.
The title should have been "Clearing in dispute as Brexit moves on". But that probably is not what the flavor of the news source wanted people to reflect on.
- nemo44x 10y ago> The title should have been "Clearing in dispute as Brexit moves on". But that probably is not what the flavor of the news source wanted people to reflect on. Why would anyone who is actually really affected by these esoteric things make it harder on themselves?
- hackuser 10y ago> anyone who is actually really affected by these esoteric things They may seem esoteric, but they affect everyone. The amount of CO2 in the atmosphere and the acidity of the oceans also are esoteric.