FRANKFURT May 18 Euro zone central must
consider "action" to maintain control of euro clearing that
happens outside the European Union after Britain's decision to
leave the EU, a European Central Bank director said on Thursday.
"The UK’s recent decision to leave the EU has called into
question the ability of authorities such as the Eurosystem to
ensure they can continue to adequately control the impact of
offshore clearing activities while maintaining the stability of
their currency," Yves Mersch said at an event in Luxembourg.
"I want to reiterate the need to reflect on whether recent
geopolitical events require the Eurosystem to take action to
ensure that we continue to adequately control the impact of
offshore clearing activities on the stability of our currency,"
The Eurosystem includes the ECB and the euro zone's 19
national central banks.
(Reporting By Francesco Canepa)