Analysis-New York could profit from Brexit tussle over euro derivatives By Reuters
By Huw Jones LONDON (Reuters) - A hasty shift in euro-denominated derivatives clearing from London to Frankfurt to meet European Union post-Brexit demands may drive business to New York and shackle the 27-member bloc's capital market, banks warn. The future of where euro derivatives are cleared for customers in the bloc became a focal point in the Brexit debate, with EU politicians keen to wrest control of the 100 trillion euro ($122 trillion) market away from the City of London after Britain quit the EU. Whilst employing a relatively small number of people, euro clearing...
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