UK's risk of losing euro clearing after Brexit eases

The threat of clearing in euro denominated financial contracts being forcibly moved from London to the European Union after Brexit eased on Wednesday after EU lawmakers backed more detailed economic tests for relocation.The EU has proposed a draft law that instructs its regulators to check on "systemic" foreign clearing houses that handle large amounts of euro-denominated assets like interest rate swaps.If a foreign clearing house's home regulator - the Bank of England in the case of Britain - f