Financial Services Financial Services

EU clearinghouses will avoid UK ‘location' policy under new BOE regime

EU clearinghouses won’t be forced to relocate into the UK if they pose a risk to the market, the Bank of England said today as it set out its approach to overseas financial-trading intermediaries.

The BOE said today it will place overseas clearinghouses wishing to operate in the UK into tw

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Fiona Maxwell

Senior Correspondent


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.

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