KM Financial Solutions | UPDATE 2-EU and BoE clash over fate of financial contracts after Brexit
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UPDATE 2-EU and BoE clash over fate of financial contracts after Brexit

UPDATE 2-EU and BoE clash over fate of financial contracts after Brexit

The European Commission
said on Wednesday that existing financial contracts, such as
derivatives or insurance, are unlikely to be affected by
Britain’s departure from the European Union – a view the Bank of
England described as “wrong headed”.

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