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EU could slap location requirement on large clearinghouses

They may be forced to set up shop within the EU in order to continue doing business in the bloc
Thursday, June 15, 2017 - 05:50

London

THE European Union could force the biggest foreign derivatives-clearing firms to set up shop in the bloc if they want to continue doing business there, as policymakers brace for the changes that Brexit will bring to an industry in which London plays a key global role.

The

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