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EU's Juncker Makes A Grab For London's Euro-Clearing

Law360, London (September 13, 2017, 1:13 PM BST) -- The president of the European Commission on Wednesday called for the bloc to immediately grant the European Central Bank greater control of derivative clearing in a post-Brexit, dealing a blow to London’s standing as a global financial center.

Jean-Claude Juncker, president of the European Commission, dealt a blow to London in his state of the union address Wednesday, calling for an amendment that would hand more power over derivatives clearing to the European Central Bank. (AP) Jean-Claude Juncker used his state of the union address to...
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