>The problem for the commission is that there has been little sign of any shift in business towards EU financial capitals since the UK’s exit from the single market at the start of the year. London’s LCH still handles about 90 per cent of all euro-denominated derivatives, according to data provider Osttra.
Lol, and we were told London was done for due to Brexit.
Even with the UK outside the EU, the EU has no answer to Londons dominance in the financial services market.
> The problem for the commission is that there has been little sign of any shift in business towards EU financial capitals since the UK’s exit from the single market at the start of the year. London’s LCH still handles about 90 per cent of all euro-denominated derivatives, according to data provider Osttra.
Oh that’s got to stick in the throats of more than a few people in here. They spent the last 5 years bleating on about how the City of London would lose all it’s business once we left the EU and it would all move to Frankfurt and Paris.
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It’s a paywalled article.
>The problem for the commission is that there has been little sign of any shift in business towards EU financial capitals since the UK’s exit from the single market at the start of the year. London’s LCH still handles about 90 per cent of all euro-denominated derivatives, according to data provider Osttra.
Lol, and we were told London was done for due to Brexit.
Even with the UK outside the EU, the EU has no answer to Londons dominance in the financial services market.
> The problem for the commission is that there has been little sign of any shift in business towards EU financial capitals since the UK’s exit from the single market at the start of the year. London’s LCH still handles about 90 per cent of all euro-denominated derivatives, according to data provider Osttra.
Oh that’s got to stick in the throats of more than a few people in here. They spent the last 5 years bleating on about how the City of London would lose all it’s business once we left the EU and it would all move to Frankfurt and Paris.