The European Parliament believes that, following Brexit, the European Union should “spare no effort” in enhancing its global competitiveness in the financial sector, in a report on the international role of the euro which it adopted, on Thursday 25 March, by a large majority (494 votes in favour, 94 against, 100 abstentions) without amending the one adopted in committee (see EUROPE B12672A21).
MEPs recognise that the market for the clearing of euro-denominated interest rate derivatives...