British firms await the European ruling over their capacity to operate in Europe
British clearing houses will be watching on Wednesday as a
European court case opens that could challenge the right of
London-based clearers to operate in the Eurozone.
Lawyers for the UK have challenged the European Central
Bank’s (ECB) ruling that it will not provide
central bank liquidity to clearing houses located outside of
the Eurozone which handle large amounts of euro-denominated
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