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LSE Raises Estimate for Loss of London Clearing to $100 Billion

  • Some European leaders have called for return of euro clearing
  • CEO Xavier Rolet warns of EU “meddling” in Times op-ed
Xavier Rolet

Xavier Rolet

Photographer: Simon Dawson/Bloomberg

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Banks and investors will end up $100 billion worse off if the European Union forcibly repatriates the clearing of euro-denominated derivatives after Brexit, according to London Stock Exchange Group Plc’s Chief Executive Officer Xavier Rolet.