Deutsche Boerse urges swift introduction of EU rules to shift euro clearing from Lond

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Deutsche Boerse Chief Executive Theodor Weimer said on Thursday that he had wanted more from newly-agreed European Union rules aimed at shifting euro derivatives clearing from London to the bloc, but they were still a step in the right direction. EU policymakers reached a provisional deal on the rules on Wednesday, forcing banks and asset managers in the bloc to have an "active account" with an EU-based clearing house for widely-used derivatives such as euro interest rate swaps (IRS). Deutsche Boerse's Eurex Clearing arm in Frankfurt is the leading clearer for euro IRS in the EU, with Madrid Bourse and Nasdaq in Stockholm also vying for business in a market dominated by London Stock Exchange Group.