UK, EU watchdogs agree clearing houses pact for no-deal Brexit

LONDON (Reuters) – The Bank of England and the European Union’s market watchdog said they will work to together to avoid financial market disruption involving clearing houses such as LCH in London and Eurex in Frankfurt if there is a no-deal Brexit.

The BoE said it and the European Securities and Markets Authority (ESMA) had agreed memoranda of understanding regarding cooperation and information-sharing for central counterparties and central securities depositories.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.