Esma could undermine City of London: LSE's Rolet


London's status as a financial centre is under threat from regulators in Brussels intent on clawing back business, Xavier Rolet, the chief executive of the London Stock Exchange (LSE), told the UK parliament's Treasury Select Committee on Tuesday.

Rolet said politicians in France and Germany were "jealous" of London's success as a financial centre and that the European Securities and Markets Authority (Esma) might be used to "claw back some of the business" Paris and Frankfurt had lost to the Ci

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