EU Steps Up Preparations for Euro Clearing in ‘No Deal’ Brexit

EU Steps Up Preparations for Euro Clearing in ‘No Deal’ Brexit
A money changer counts Euro banknotes at a currency exchange office in Nice, France, on Nov. 17, 2017. Eric Gaillard/File Photo/Reuters
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LONDON—European Union regulators began on Nov. 23, to implement plans to ensure that trillions of euros in cross-border derivatives transactions would not be disrupted in the event of a “no deal” Brexit.

Britain and the EU are due on Sunday to endorse a divorce deal that includes a transition period from Brexit next March until the end of 2020, but it is unclear if there is enough support in Britain’s parliament to vote it through.