EU bent on knocking London off top spot as financial activity hub
Already, 7b euros in dealings in European equities have migrated from London to the continent daily this month
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THE European Union (EU) is determined to wrest control of euro, European securities and derivatives trade from London, with the British capital already experiencing some leakages.
EU Financial Services commissioner Mairead McGuinness has said that Brussels will not grant Britain's financial firms access to the bloc before assessing the risks to financial stability.
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