LSE Raises Estimate for Loss of London Clearing to $100 Billion
- Some European leaders have called for return of euro clearing
- CEO Xavier Rolet warns of EU “meddling” in Times op-ed
Xavier Rolet
Photographer: Simon Dawson/BloombergThis article is for subscribers only.
Follow @Brexit for all the latest news, and sign up to our daily Brexit Bulletin newsletter.
Banks and investors will end up $100 billion worse off if the European Union forcibly repatriates the clearing of euro-denominated derivatives after Brexit, according to London Stock Exchange Group Plc’s Chief Executive Officer Xavier Rolet.