UK 1 - ECB 0; Clearinghouses allowed to remain on an island

In a legal battle between the UK and the ECB, the European general court ruled in favor of the UK and annulled the location policy for Clearing Houses to handle Euro denominated transactions to be handled within the Eurozone. 

The policy, instituted four years ago, was never effected and now the UK can be certain that the city of London can remain Europe's financial center, housing clearing moguls like ICE Clear and LCH.Clearnet.

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