The defence of the City
Article Abstract:
European monetary union threatens to undermine the role of London, England, as a financial center. The London International Financial Futures Exchange (LFFE) has developed a voluntary conversion scheme which allows traders to transfer to contracts linked to EURIBOR, a new interest-rate benchmark linked to the euro. There are threats to London's role from the new euro, but a rapid response such as this can also be effective. Many customers have stayed in London because they forecast British membership of the European monetary union.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1999
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Cries of London: other European exchanges are in better shape than London's. Will the city lose out?
Article Abstract:
Stock exchanges in Europe are forming alliances in anticipation of the introduction of the euro, the EU's single currency. The London Stock Exchange and its futures exchange are behind other exchanges in their technology and their management, which could affect their competitiveness.
Publication Name: The Economist (UK)
Subject: Business, international
ISSN: 0013-0613
Year: 1998
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