Sector Regulation Sector Regulation

EU banks suffer from refusal to grant UK derivatives equivalence, FCA’s Rathi says

By Fiona Maxwell
  • 06 May 2021 10:58
  • 06 May 2021 10:58

EU banks have lost business and face higher costs from the decision to cut off UK derivatives trading from the bloc, the head of the Financial Conduct Authority said today.

The lack of equivalence provision from the European Commission for rules requiring certain derivatives to be traded on a platform has

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