Carney Calls for New Cooperation on Clearinghouses Post-Brexit
- BOE ‘welcomes’ European Commission proposal on clearinghouses
- Clearing deal would help keeping financial system resilient
Carney: Fragmenting Clearing Raises Costs and Risks
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Bank of England Governor Mark Carney called for a new system of cooperation between the U.K. and the European Union over derivatives clearinghouses to prevent more expensive and fragmented markets post-Brexit.
QuickTake Brexit Puts Financial Clearing Work Up for Grabs