Sector Regulation Sector Regulation

EU is attempting ‘clearinghouse landgrab’ with equivalence approach, BOE’s Bailey says

By Fiona Maxwell
  • 24 Feb 2021 11:03
  • 24 Feb 2021 11:03
The EU’s approach to equivalence for clearinghouses is tantamount to a landgrab of the UK’s euro-denominated clearing business, Andrew Bailey said today. 
In a stark criticism to Brussels, the Bank of England governor warned lawmakers that the EU’s attempt to move euro clearing into the bloc could end up as

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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, 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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