The UK authorities has handed the Financial institution of England (BoE) substantial powers to rewrite the foundations for central clearing post-Brexit, however specialists say the worldwide function of London’s clearing homes makes it unlikely a lot will change in actuality.
“All of this stuff must work in lockstep, so you’ll be able to’t have frankly anybody regulator strolling off in a distinct course, as a result of then you find yourself with a load of conflicting guidelines [that are] actually unattainable to adjust to,” says a senior threat
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