Nice to know

[Suff]

In his report to the HOL, carney is asked about EU currency clearing. He states...

[On euro clearing moving from London] there is no need for currency clearing to take place in the currency’s jurisdiction. It is broader discussion in the political realm.

Erm, that would mean that clearing could continue to happen in London whether in or out of the EU.... Which then means that banks would have to decide if it was "in their interests" to move, not that they would lose the right to clear transactions.

10% corporation tax is sounding much more interesting.

[Workingman]

Then there is the opposite view, as reported by Bloomberg.

It is not all one-way traffic, and Carney is only one voice. He does not make the rules, others do, and they appear not to be on his side.

Though the Euro business has often been touted as an important bargaining lever in upcoming trade negotiations between Britain and the EU over access to the single market, two of the people said it might not even be up for discussion. European officials could just change the rules after Brexit when the U.K. will no longer have a say, they said.

We will probably not know until after Brexit, and absolutely nothing is certain.

10% Corp tax sounds like desperation.

[Suff]

Well they could just change the rules.

But then they'd irritate the hell out of the US, Japan and China, by locking out their euro denominated trades too.

Whilst the EU is known for cutting it's nose off to spite it's face, it is also not quite suicidal and anyone who just says "yep they can just change the rules to spite the UK" is being disingenuous to say the least. They are fear mongering.

Our top central banker has dismissed this fear mongering, up front, in the public eye, to the House of Lords. If he failed to identify that there were significant risks to what he was saying, his job would be in danger.

After all the EU still wants the US TTIP and a deal with China. However much they may hate London doing these trades, there is no way they're going to endanger trade with over $30 trillion worth of economic clout just to annoy the UK. Or even to keep their 27 member states happy.