FT: UK grip on European derivatives at risk in fight over post-Brexit rules

European regulators have refused to soften rules on swaps trading by EU banks in the UK, threatening London’s post-Brexit hold on a derivatives market worth €50tn a year. The Paris-based European Securities and Markets Authority on Wednesday said EU banks operating in London would continue to be subject to Brussels regulations when the Brexit transition period ends next month.

The full article is available at https://www.ft.com/content/b907fa38-510b-4aee-977d-6dfc678821b4