Courts backed UK government over rules to force UK clearers into Eurozone
The European Central
Bank (ECB) and the Bank of England (BoE) have agreed a series
of measures to ensure the stability of some of the
EU’s largest clearing houses based in
The central banks said
on Sunday the new arrangements would include an extension of
their standing swap line, a credit line that allows central
banks to temporarily swap currencies, to facilitate
multi-currency liquidity support.
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