LSE boosts stake in clearing house LCH despite uncertainty over post-Brexit rules


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The London Stock Exchange (LSE) has extended its control over the world’s biggest clearing house LCH despite uncertainty surrounding the €850bn-a-day euro-clearing market. 

The LSE said it was in the process of investing a further €438m (£384m) into LCH, taking the exchange’s total ownership of the group to more than 80pc. Clearing houses act as middlemen between buyers and sellers for financial assets, with LCH by far the world’s biggest. 

The LSE’s decision to increase its stake comes despite Brussels’ push to move big clearing houses inside the bloc after Brexit. The European Commission called for a shake-up of current rules governing the euro-denominated derivatives market last summer following…

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