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How Brexit split Aegon’s euro swaps book
Years-long effort saw trades quietly move to Frankfurt – but firm wants continued access to LCH
![brexit-split-542714930.jpg](/sites/default/files/styles/landscape_750_463/public/2021-08/brexit-split-542714930.jpg.webp?itok=-U3elr-U)
After UK voters narrowly chose to leave the European Union in 2016, it took a matter of days for then-French president François Hollande to renew a threat to London’s clearing houses – long coveted by continental politicians and feared by continental supervisors. A fierce tug-of-war has since played out in public while, in private, some large European users of those clearing houses have sought to protect themselves against the outcome.
For Aegon Asset Management – the $464 billion-asset
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