Catherine McGuinness

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Last quote by Catherine McGuinness

And in this case, all the evidence points one way: that the mass uprooting and offshoring of part of the industry – of clearing of transactions in one currency – would not only be vastly complicated, but also vastly damaging and potentially destabilizing. It's because it makes the posting of collateral more cost-effective. And, frankly, it's because we're good at it. And if we split off one currency, with euro clearing moving to, say, Paris, all we'll see is systemic risk going up, liquidity going down, costs hitting the roof. In sum, it'd be a completely avoidable outcome.feedback
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May 16 2017 Brexit
We found 1 article in which Catherine McGuinness said something. The most recent Catherine McGuinness’s quote is: “And in this case, all the evidence points one way: that the mass uprooting and offshoring of part of the industry – of clearing of transactions in one currency – would not only be vastly complicated, but also vastly damaging and potentially destabilizing. It's because it makes the posting of collateral more cost-effective. And, frankly, it's because we're good at it. And if we split off one currency, with euro clearing moving to, say, Paris, all we'll see is systemic risk going up, liquidity going down, costs hitting the roof. In sum, it'd be a completely avoidable outcome.”. In addition, all sources we refer have quoted Catherine McGuinness 1 time. On this page, you will find all of Catherine McGuinness’s quotes organized by date and topic.
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