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​ECB seeks power over clearing businesses ahead of Brexit

( June 23, 2017, 12:29 GMT | Official Statement) -- MLex Summary: The European Central Bank has asked for powers to regulate clearinghouses before the UK leaves the EU. The central bank's governing council called on EU legislators to amend its statute to give it "clear legal competence" to recognize and supervise foreign clearinghouses that process "significant amounts" of transactions in euros. This comes ahead Brexit, which stands to leave most euro-denominated derivatives outside the bloc.The statement follows. The recommendation is attached....

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