• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:

  • You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
  • You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
  • If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.

Previously on "Tory Brexit DOOM™: Bloodbath in the City"

Collapse

  • Lambert Simnel
    replied
    Originally posted by m0n1k3r View Post
    ... so why shouldn't LCH and others involved in euro clearing be directly regulated by the ECB?
    Duh. Because we've taken back control, innit? So no way are we going to be subject to regulation by some unelected bunch of Euro technocrats.

    Leave a comment:


  • AtW
    replied
    Originally posted by m0n1k3r View Post
    If China would amend its constitution so that it would be possible for a part of China to leave it lawfully, then yes.


    Correct answer is NO, because no country or club would want to encourage members leaving it.

    Leave a comment:


  • m0n1k3r
    replied
    Originally posted by AtW View Post
    Because UK is leaving EU, do you think if Hong Kong left China now it would get to clear bulk of Reminbi?
    If China would amend its constitution so that it would be possible for a part of China to leave it lawfully, then yes.

    Leave a comment:


  • AtW
    replied
    Originally posted by m0n1k3r View Post
    Nobody should to have any trouble with this. Those involved in USD clearing in the City are directly regulated by the USA, so why shouldn't LCH and others involved in euro clearing be directly regulated by the ECB? I believe they are already directly regulated by China for clearing Reminbi.
    Because UK is leaving EU, do you think if Hong Kong left China now it would get to clear bulk of Reminbi?

    Leave a comment:


  • m0n1k3r
    replied
    Originally posted by AtW View Post
    ECB bids for control over Euro clearing in threat to the City
    Nobody should to have any trouble with this. Those involved in USD clearing in the City are directly regulated by the USA, so why shouldn't LCH and others involved in euro clearing be directly regulated by the ECB? I believe they are already directly regulated by China for clearing Reminbi.

    Leave a comment:


  • m0n1k3r
    replied
    Originally posted by DimPrawn View Post
    Fine by me, we will insist by law all Sterling clearing and related instruments are cleared in London. Common sense 'innit?
    Easy. Sterling clearing doesn't happen much anywhere else.

    Leave a comment:


  • stek
    replied
    Originally posted by DimPrawn View Post
    Fine by me, we will insist by law all Sterling clearing and related instruments are cleared in London. Common sense 'innit?
    "Just you, and your schoolboy politics, and your idiotically conceited faith in your own importance."

    Sir Nigel Irvine...

    Leave a comment:


  • northernladyuk
    replied
    Originally posted by DimPrawn View Post
    So protectionism then. Fight fire with fire.
    You are funny.

    Leave a comment:


  • AtW
    replied
    Originally posted by DimPrawn View Post
    Fine by me, we will insist by law all Sterling clearing and related instruments are cleared in London. Common sense 'innit?
    Sure, it would make sense, only problem is that EUR is the only real other reserve currency in the world next to USD, where as Sterling isn't.

    Leave a comment:


  • DimPrawn
    replied
    Originally posted by AtW View Post
    And taking EURO clearing to run in a country that is subject to EU laws isn't?
    Fine by me, we will insist by law all Sterling clearing and related instruments are cleared in London. Common sense 'innit?

    Leave a comment:


  • AtW
    replied
    Originally posted by DimPrawn View Post
    Common sense.
    And taking EURO clearing to run in a country that is subject to EU laws isn't?

    Leave a comment:


  • DimPrawn
    replied
    Originally posted by AtW View Post
    What do you call not agreeing with Freedom of Movement?
    Common sense.

    Leave a comment:


  • AtW
    replied
    Originally posted by DimPrawn View Post
    So protectionism then. Fight fire with fire.
    What do you call not agreeing with Freedom of Movement?

    Leave a comment:


  • AtW
    replied
    Originally posted by DimPrawn View Post
    So protectionism then. Fight fire with fire.
    What you going to do - stop EU from clearing Sterling?

    In case you failed to notice "free market" isn't exactly in favour at the moment, that's why big trade blocks appear, insane to be outside of one of them.

    Leave a comment:


  • DimPrawn
    replied
    The proposal follows a string of reforms published by the European Commission last week that called for Brussels to have the ability to force “systematically important” clearing houses to operate within the EU.
    So protectionism then. Fight fire with fire.

    Leave a comment:

Working...
X