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UK clearinghouses get extended EU access, but Brussels plans raid on London's business

By Fiona Maxwell ( November 10, 2021, 17:22 GMT | Insight) -- UK clearinghouses will have their temporary post-Brexit clearing arrangement extended, EU financial services chief Mairead McGuinness said today. But the European Commission will at the same time take measures to make EU clearinghouses more attractive and bolster its supervisory framework in a bid to wrest business from London.UK clearinghouses will see their post-Brexit access to EU markets extended, the European Commission promised today, while pledging also to present measures to make the bloc’s entities more attractive....

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