|
Re: HSBC Boss commits to Britain and....
But we dealt with Euro trades due to passporting - trillions of Euros trading are at risk now...
http://uk.reuters.com/article/us-bri...-idUKKCN0WY5DB
Quote:
If Britons vote to leave the EU, London's financial center faces losing one of its top money spinners - the trade in trillions of euros in derivatives - and the European Central Bank will be pushing hard for the business to move onto its patch...
...The trading of euro-based securities spans trillions of euros of derivatives deals as well as the 'repo' market providing short-term funding for banks - 2 trillion euros (1.60 trillion pounds) of which experts say is based in London. On top of this, there is foreign exchange trading in the currency itself.
|
__________________
Thank you for calling the Abyss.
If you have called to scream, please press 1 to be transferred to the Void, or press 2 to begin your stare.
If my post is in bold and this colour, it's a Moderator Request.
|