Financial services face weaponisation as Brexit tension rises

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By Jasper Cox, Ross Lancaster
08 Sep 2020

The tension between the EU and UK over Brexit ratcheted up this week, with the prospect of the UK reneging on the EU-UK Withdrawal Agreement rearing up. Rising political tension could now boil over into talks on financial services.

The financial industry is no stranger to Brexit-stoked political tensions. Derivatives clearing has been one sector particularly affected by this. Since the 2016 Brexit vote, London-based LCH has had to contend with the EU’s attempts to prise its euro-denominated business away, to be done within its remaining member ...

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