Battle for euro control begins
Article Abstract:
There is already very strong competition between European financial centres to become the main market-place for new financial instruments denominated in euros. The London Clearing House holds a dominant position in the European government bond markets, but there are indications that its position is now under threat from French clearing house Clearset. Euro Libor, the reference rate set by the British Bankers' Association, has since the late 1980s been the benchmark for trade in leading European derivative contracts, but continental European banks are now shifting towards Euribor, a new reference rate set by the European Banking Federation.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
UK: LSE IN DEAL WITH EURONEXT?
Article Abstract:
London Stock Exchange (LSE) chairman, Don Cruickshank, is facing calls to consider a link-up with EuroNext amid signs that the latter would be agreeable to allowing the Financial Services Authority (FSA) in London to assume the main regulatory role. German interests are keen for the UK and German authorities to jointly regulate the planned superbourse, known as iX, a move which has worried brokers in the UK. Leading investment banking firms such as UBS Warburg regard French-led stock exchange, EuroNext, as having a more flexible stance with regard to settlement, clearing and regulation.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 2000
User Contributions:
Comment about this article or add new information about this topic:
London is braced for the foreign invasion
Article Abstract:
Many overseas companies are planning to list their shares on the London Stock Exchange, even though institutional investors are showing little interest in the shares of domestic companies. Overseas companies are being attracted to the London Stock Exchange by a desire to expand outside their national, or continental, boundaries. Companies set to list in the near future include South African insurer Old Mutual, South African Breweries and Anglo American.
Publication Name: The Independent
Subject: Retail industry
ISSN: 0951-9467
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Round and round again. Rescued from the record binds. The Bay City Rappers
- Abstracts: A little bit of monkey business. Heaven is a place on earth. Alcoholics synonymous
- Abstracts: Bean counters make way for button pushers. Money men go hunting for the new high-fliers. Ethnically-friendly funds
- Abstracts: Former Sotheby's chairman guilty of price-fixing. Art world braces for Sotheby's fees trial. A bad lot?
- Abstracts: The rambling rose. The mother of reinvention. No whitewash at this White House