London Banks Fear Loss of Euro Derivatives Clearing

The video discusses the potential relocation of euro derivatives clearing from London due to Brexit. It explores the challenges and implications for financial services, including job relocations and the impact on London's financial health. The discussion highlights the complexity of moving financial operations and the potential for other cities, like New York, to benefit.

In what ways might the European Union influence the relocation of financial jobs post-Brexit?

What factors contribute to the uncertainty surrounding the future of the City of London as a financial hub?