THE EU HAS JUST ANNOUNCED – ON 21 SEPTEMBER – THAT IT WILL ALLOW THE UK TO CONTINUE CLEARING EURO DERIVATIVES UNTIL JUNE 2022.





     


Slightly more grounded are those that note that a grand deal is not really necessary in many cases.  of contracts suddenly becoming unenforceable have now been largely dispelled.3


Moreover, although


    a grand Deal (with a capital D), individual equivalence  


   US and the EU takes place on the basis of this kind    of its equivalence arrangement for the Swiss stock  decisions can be, and certainly adds weight to the view that long-term stability probably requires some kind of 


    


   be in place – on a regime-by-regime basis – to make life  far can the UK and EU, once they are independent legal   the line.


Already, there are signs that cooler heads are prevailing.        but, in fact, a proper analysis shows that the EU itself   this is evidence that there are grown-ups somewhere,  make sure that when it comes to the really important  steps are taken to prevent any serious damage.


  DON’T PANIC.


 E: oliver.linch@shearman.com T: +44(0) 20 7655 5715





   


20 | ADMISI - The Ghost In The Machine | Q3 Edition


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