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Xavier Rolet: Clearing is the ‘litmus test’ for London’s global crown
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The former chief executive of the London Stock Exchange Group Xavier Rolet says London’s ability to hold on to clearing services will dictate whether it remains a global financial centre.
“The litmus test of London’s appeal as a global financial centre will be whether it retains its dominance in the one quadrillion notional interest rate swap clearing market once European clearing equivalency expires,” Rolet told Financial News.
Clearing helps...
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