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UPDATE 1-LSE CEO expects Biden to have 'huge' impact on climate politics

Mon, 09th Nov 2020 11:11

* Biden set to take back into Paris climate accord

* Other climate-related policies expected to follow

* Barclays CEO Jes Staley says election "a significant move"
(Adds Barclays CEO comment, background, bullet points)

By Guy Faulconbridge and Simon Jessop

LONDON, Nov 9 (Reuters) - London Stock Exchange
Chief Executive David Schwimmer said on Monday that Joe Biden's
election win in the United States would have a major impact on
global climate politics.

Asked if a new president would change the United States'
contribution to the climate debate, Schwimmer said: "Short
answer is 'yes' - big change."

Biden has put climate change at the centre of his election
campaign and, as well as rejoining the Paris Agreement on
climate, has promised sweeping measures to make the country
carbon neutral by 2050.

"Huge impact in terms of having the U.S. joining the effort
to deal with climate change as opposed to being out there on its
own," Schwimmer told the Green Horizon Summit.

"The timing is actually pretty remarkable in terms of the
U.S. leaving the Paris Agreement a couple of days ago and then
President-elect Biden indicating that it will be one of his
first actions in office," he added.

Speaking on the same panel, Barclays CEO Jes Staley said he
echoed Schwimmer's comments.

"The election is a significant move. What COVID-19, in part,
is showing is we are on this boat together and getting a major
economy like the U.S. aligned once again with the Paris
accord... is quite a significant and a positive step."

Both were speaking at the start of a three-day summit in
London, designed to mobilise the financial sector in the run-up
to a U.N. climate change conference due to take place in Glasgow
in late 2021.
(Reporting by Guy Faulconbridge; Editing by Kate Holton and
Alexander Smith)

More News
19 Nov 2020 11:36

UPDATE 1-Britain launches review to keep London listings competitive

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19 Nov 2020 11:36

UPDATE 2-Britain launches review to keep London listings competitive

(Adds shareholder association comments)By Huw JonesLONDON, Nov 19 (Reuters) - Britain's finance ministry said on Thursday a former financial services commissioner for the European Union will review listing rules to make London more attractive for ...

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19 Nov 2020 10:57

Britain launches review to keep London listings competitive

By Huw JonesLONDON, Nov 19 (Reuters) - Britain's finance ministry said on Thursday a former financial services commissioner for the European Union will review listing rules to make London more attractive for tech companies.Jonathan Hill will look ...

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16 Nov 2020 08:00

Clearing houses face tougher crisis management scrutiny

By Huw JonesLONDON, Nov 16 (Reuters) - Global regulators have tightened their scrutiny of whether clearing houses hold enough capital and cash to avoid calling on taxpayers in a crisis, according to new guidelines published on Monday by the Financ...

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9 Nov 2020 17:03

UPDATE 2-Britain pursues Brexit finance plan, door open to EU firms

(Updates with more detail, reaction)By Huw Jones and David MillikenLONDON, Nov 9 (Reuters) - Britain left the door open for European Union financial firms to operate in Britain after a post-Brexit transition period ends on Dec. 31, pledging on Mon...

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9 Nov 2020 13:33

Reinsurer Conduit Holdings lays out plans for London IPO

(Sharecast News) - Conduit Holdings will proceed with plans to list $1.1bn new shares on the London Stock Exchange's main market.

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9 Nov 2020 10:27

LSE CEO Schwimmer says Biden win to have 'huge' impact on climate politics

LONDON, Nov 9 (Reuters) - London Stock Exchange Chief Executive Officer David Schwimmer said on Monday that Joe Biden's election win in the United States would have a huge impact on global climate politics.Asked if a new president would change the...

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5 Nov 2020 18:30

Euronext considers changes after customer anger over outage

By Huw JonesLONDON, Nov 5 (Reuters) - Pan-European exchange Euronext said on Thursday it was listening to calls from top banks and asset managers about finding a way to trade on alternative platforms when there are lengthy outages like last month....

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5 Nov 2020 16:27

LSE offers rivals access to data, clearing in EU pledge - sources

* LSE offers "behavioural" remedies - sources* Brussels to ask competitors for views - sources* Brussels to rule on takeover on Jan 15 (Adds more detail)By Foo Yun Chee and Huw JonesBRUSSELS/LONDON, Nov 5 (Reuters) - London Stock Exchange has offer...

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5 Nov 2020 09:33

LSE offer concessions to allay EU concerns on Refinitiv bid - EU filing

BRUSSELS, Nov 5 (Reuters) - The London Stock Exchange has offered concessions to EU antitrust regulators to address concerns over its planned takeover of Refinitiv, according to a European Commission filing on Thursday.The European Commission, whi...

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4 Nov 2020 16:58

British watchdog expects market disruption if no two-way EU access

By Huw JonesLONDON, Nov 4 (Reuters) - Markets face some disruption in January if Britain and the European Union fail to agree on continued two-way cross-border access, top British regulators said on Wednesday.Britain has left the EU and continued ...

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4 Nov 2020 11:24

UPDATE 2-UK backs open share trading as EU stance threatens London

* UK watchdog says won't replicate EU "restrictions"* Bankers say FCA clarification minimises disruption* Cboe says ready for UK and EU share trading regime* LSE's Turquoise eyes Nov. 30 launch for Dutch hub (Adds industry reaction, market share fig...

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4 Nov 2020 11:24

UPDATE 1-Britain sets up share trading clash with EU

(Adds more detail, reaction)By Huw JonesLONDON, Nov 4 (Reuters) - Banks and asset managers in Britain can continue using exchanges from the European Union to trade shares from January, Britain's financial regulator said on Wednesday in a bid to pr...

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4 Nov 2020 10:10

Britain sets up share trading clash with EU

By Huw JonesLONDON, Nov 4 (Reuters) - Banks and asset managers in Britain can use exchanges from the European Union to trade shares from January, Britain's financial regulator said on Wednesday, creating a cross-border clash in securities rules fo...

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