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

Spotlight

Related News