German regulator BaFin objects to a London HQ for merged exchanges

Discussion in 'Market News' started by Lily, Jun 28, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    Comments create additional hurdle to planned merger of Deutsche Börse and London Stock Exchange after Brexit vote

    Germany’s financial regulator has delivered a double blow to London, saying it could neither host the headquarters of a merged Deutsche Börse-London Stock Exchange after the UK leaves the EU, nor could it remain a centre for trading in euros.

    The head of the Federal Financial Supervisory Authority (BaFin), Felix Hufeld, said:“It is hard to imagine that the most important exchange venue in the eurozone would be steered from a headquarters outside the EU. There certainly has to be an adjustment here.”

    Related: London Stock Exchange and Deutsche Börse claim merger will go ahead

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