U.K. to Sue ECB Over Planned Restrictions on Clearing Houses

U.K. to Sue ECB Over Planned Restrictions on Clearing Houses

Hannelore Foerster/Bloomberg

A euro sign sculpture stands in front of the European Central Bank's (ECB) headquarters in Frankfurt. The U.K. is accusing the central bank of going against principles of the European Union single market and contravening European law amid wider international efforts to regulate derivatives markets.