U.K.'s Euro Clearing Business at Risk as ECB Requests More Powers

U.K.'s Euro Clearing Business at Risk as ECB Requests More Powers

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U.K.'s Euro Clearing Business at Risk as ECB Requests More Powers

FRANKFURT—The European Central Bank lodged a formal request for greater powers to supervise euro-denominated clearing, stepping up a tug of war between European Union authorities and Britain over the future of the lucrative business line after Brexit.

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