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Here’s our take on it for the @FT, leading on the bewilderment on the #EU side about @BorisJohnson’s negotiating tactics: on.ft.com/33fx0vn
In March, the #EU included this proposal in a draft of the trade treaty published on its website: Page 354: ec.europa.eu/info/sites/inf…
Now, I must confess, when I think of Bauhaus, I think of this: 2/
The plans reflect LCH's dominance in clearing euro-denominated derivatives, and stave off financial stability risks at the end of the #Brexit transition period. Both #ECB and #BOE have warned of this: 2/