‘Moving clearing is a hugely costly business’ says Anthony Belchambers

Clearing, Foreign Exchange

Anthony Belchambers, Member of the Financial Services Negotiating Forum Advisory Board, stated recently at the FX Hive in London that “there is an understandable systemic concern on the part of the European Bank that large amounts of euro denominated contracts are being cleared off shore in an island that’s outside the jurisdiction.” Mr Belchambers then went on to say “But on the other hand moving clearing…..is a hugely operational costly business.”

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