Paris pushes for financial power

France would have to put on a spurt to join frontrunners in race for clearing

As the first stage of the race for credit derivatives clearing in Europe reaches the final straight without a single French provider among the front-runners, now is a good time to take stock of French ambitions in clearing.

France's desire to participate was first made public in February when the contents of a confidential document from the Banque de France were revealed.

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