Fyi, the eu has bent over backwards not to force anyone to move. Esma and bafin have basically handed licenses to anyone arriving at Frankfurt airport and requi

Fyi, the eu has bent over backwards not to force anyone to move. Esma and bafin have basically handed licenses to anyone arriving at Frankfurt airport and required minimal staffing locally. How long they keep doing that is another matter. They're already moving euro clearing out of London. The sensible, European, approach is just that: don't force people to move en mass on some crappy time line. Make people move 5% a year for 20 years. Smooth and manageable. https://www.reuters.com/business/finance/eu-ruling-euro-clearing-take-months-financial-chief-says-2021-09-02/ https://www.reuters.com/business/finance/eu-ruling-euro-clea...