October 19, 2018 / 8:22 AM / a month ago

LSE sees progress on derivatives contract certainty ahead of Brexit

FILE PHOTO: The London Stock Exchange Group offices are seen in the City of London, Britain, December 29, 2017. REUTERS/Toby Melville

LONDON (Reuters) - There is a new urgency among Europe’s regulators and central bankers on the need to have legal certainty for cross-border derivatives markets ahead of Brexit, a top London Stock Exchange official said on Friday.

“I think that we are encouraged by recent meetings with regulators and central banks,” LSE Chief Financial Officer David Warren said on an earnings conference call. “We think there is a new urgency about getting solutions and legal certainty in the very near future and it’s very clear our customers want continuity of service.”

Reporting by Huw Jones; editing by Jason Neely

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