Hollande said on Tuesday London's status as a key Euro-clearing hub is at risk
Senior City lawyers have sought to allay
fears that Europe may respond to Brexit by trying again to
force the clearing of Euro-denominated products to move to
Europe from London after the French president Francois Hollande
said as much on Tuesday.
The shock Brexit vote on Thursday has sparked concerns in
London the European Central Bank (ECB) may look to revive a
failed 2015 bid to force the clearing of some Euro-products,
including Euro-denominated interest rate swaps, out of London
and into the Eurozone.
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