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Extending clearing equivalence is a dose of post-Brexit realism

The EU has found it reached the limits of what it could achieve on its own

More time is a godsend for such complex markets
More time is a godsend for such complex markets Photo: Getty Images

Olivier Fines is head of advocacy for Europe, the Middle East and Africa at the CFA Institute

The European Commission's decision to extend temporary equivalence for UK-based clearing beyond 30 June 2022 shows that realism is starting to sink in to our protracted post-Brexit negotiations.

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