McFarlane Says Euro-Clearing Working Very Efficiently

The video discusses the efficiency of the current clearing system, highlighting low transaction costs due to scale. It examines the potential impact of moving euro clearing to the EU, noting the loss of multi-currency netting benefits and increased costs. The discussion shifts to the political nature of these changes, with the ECB's concerns about oversight of euro clearing outside its jurisdiction. The video concludes with the suggestion that ECB oversight could be beneficial for EU and euro activities.

What are the implications of moving euro clearing into the EU according to the text?

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How does the text describe the efficiency of the current multicurrency system?

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What is the author's perspective on the feasibility of the proposed changes?

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In what way does the author suggest that the situation is more political than economic?

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What concerns does the ECB have regarding euro clearing?

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