ECB Bids for Power Over Euro Clearing

The transcript discusses the European Central Bank's (ECB) efforts to gain oversight of euro clearing houses to ensure financial stability post-Brexit. With most clearing currently in London, the ECB seeks legal competence to bring clearing within the EU. The debate involves whether the ECB or national regulators in countries like Germany, France, and Italy should oversee clearing. The ECB's move strengthens its case for direct oversight, impacting clearing houses and financial stability in the euro area.

What is the significance of the ECB's oversight on euro clearing houses after Brexit?

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How did the ECB's previous attempt to bring clearing inside the EU fail?

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What challenges does the ECB face in establishing its legal competence for euro clearing regulation?

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What are the potential benefits for clearing houses if clearing moves to the EU?

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Which countries are likely to retain oversight of clearing within their borders?

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