Clearinghouses are no strangers to being stuck in the middle of wrangling politicians, and the latest tussle over euro clearing looks like it could escalate into an ugly fight between the EU and the UK. < The UK finance ministry and the Bank of England appear to be preparing for a battle<
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Fiona Maxwell is a financial services senior correspondent at MLex in London. She began her career as a reporter for Risk.net, writing about EU post-crisis regulation, and later worked for POLITICO in Brussels, covering the intersect between financial policy and politics. Prior to joining MLex, Fiona worked at the Bank of England as a policy adviser in the prudential policy directorate.