Brussels proposes extending EU banks’ access to UK clearing houses

Brussels proposes extending EU banks’ access to UK clearing houses

European Commission wants to prolong existing arrangements that benefit City of London

EU Proposes Extending London Clearing House Exemption Until 2028

The European Union proposed allowing London to continue clearing the bloc’s trades until 2028, a departure from its previous vow that the post-Brexit arrangement would end this summer.

EU proposes extending London clearing house exemption until 2028

Financial industry still prefers London clearing houses, doubting EU infrastructure is yet robust enough