Although the clearing of derivatives denominated in euros is a key consideration in Britain ’s negotiations on leaving the financial Union , they are not a top priority for the government . Despite concerns that the UK government would sacrifice parts of the industry in upcoming negotiations , the deputy governor of the chamber of commerce said that it would be difficult for continental financial centres to recreate London ’s “ consumer - friendly ” of financial professionals .
Although the clearing of derivatives denominated in euros is a key consideration in Britain’s negotiations on leaving the European Union, they are not a top priority for the government. Despite concerns that the UK government may sacrifice parts of the industry in upcoming negotiations, the deputy governor of the Bank of England said that it would be difficult for continental financial centres to recreate London’s “eco-system” of financial professionals.