Frankfurt “confident” of poaching Britain’s €930 billion clearing industry after Brexit

Germany’s financial centre Frankfurt is “confident” of poaching London’s  €930 billion clearing industry after Brexit. Hubertus Väth, managing director of Frankfurt Main Finance, which lobbies for its financial centre, told Business Insider he was confident the EBA, Europe’s banking authority, would move to Frankfurt, and confident in the arguments for bringing Euro clearing to the city … Continue reading Frankfurt “confident” of poaching Britain’s €930 billion clearing industry after Brexit