UK and U.S. regulators build Brexit 'bridge' for derivatives

Reuters | February 25, 2019

UK and U.S. regulators build Brexit 'bridge' for derivatives
Britain and the United States said on Monday that their regulators are taking every step needed to ensure that trillions of dollars in derivatives contracts traded across the Atlantic will not be disrupted by any type of Brexit. Derivatives are widely used by companies to hedge themselves against unexpected moves in borrowing costs or prices for raw materials. "Market participants can be confident that the clearing and trading of derivatives between the UK and U.S. will maintain the high standards of today when the UK leaves the EU," Bank of England Governor Mark Carney said in a statement.

Spotlight

The North American power grid is a modern engineering marvel, and yet at the same time it is increasingly a system facing great risk of being disrupted by adverse events. Nearly all of the critical infrastructure elements upon which Americans rely are dependent upon the grid’s persistent supply of widely available and relatively affordable electrical power.

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Spotlight

The North American power grid is a modern engineering marvel, and yet at the same time it is increasingly a system facing great risk of being disrupted by adverse events. Nearly all of the critical infrastructure elements upon which Americans rely are dependent upon the grid’s persistent supply of widely available and relatively affordable electrical power.