Clear, and present danger: will euro settlement block force traders to leave?
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Clear, and present danger: will euro settlement block force traders to leave?

Bankers and lawyers have been grappling with likely consequences of the end of euro clearing in the City of London — specifically, will their trading floors have to follow clearing into the eurozone? The UK chief executive of one major French bank said that the firm had received differing legal advice on this point, and that it was a "crucial" question.

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