London-based banks could face "nightmarish" decisions should they lose access to euro-clearing trading, according to the Japanese Ambassador to the UK. That is what the Japanese automative companies are concerned about.” The comments came as a senior official in Brussels said that Britain would have no choice but to leave the single market if it wanted to continue trading with other European countries. Business, in that case, would be likely to transfer to Frankfurt and Paris.
London-based banks could face "nightmarish" decisions should they lose access to euro-clearing trading, according to the Japanese Ambassador to the UK. The comments came as a senior official in Brussels said that Britain would have no choice but to leave the single market if it wanted to continue trading with other European countries. Business, in that case, would be likely to transfer to Frankfurt and Paris.