BoE’s Woods ‘cautiously optimistic’ on EU-UK clearing agreement

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BoE’s Woods ‘cautiously optimistic’ on EU-UK clearing agreement

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Sam Woods, deputy governor at the Bank of England and chief executive of the Prudential Regulatory Authority, this week said he expects an equivalence agreement between the European Union and the UK to be extended beyond September, as both sides want to avoid a “dramatic” fallout.

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