LONDON, Nov 3 (Reuters) - Deutsche Boerse said on
Tuesday it was expanding incentives for banks to shift clearing
of euro-denominated derivatives from London to its Frankfurt
clearing unit, the latest salvo in a market battle fuelled by
Brexit.
"With the expansion of our central counterparty Switch
Incentive Program, we want to make it easier for market
participants to comply with the demands of the regulators and
transfer swap business into the European Union," Matthias
Graulich, a member of Eurex Clearing's executive board, said in
a statement.
(Reporting by Huw Jones; Editing by Edmund Blair)