Comments from the EU research paper
- EU sees potential financial stability risk if UK firms barred from clearing EU business in event of no-deal Brexit
- EU could allow UK clearing for EU customers on a temporary basis to give bloc time to build up its own clearing capacity
- financial stability risks from no-deal Brexit have diminished significantly as UK-based firms move contracts, operations to EU
- EU does not need to take action on cross-border insurance contracts, unclear derivatives- in event of no-deal Brexit
