May 12, 2017 / 11:04 AM / 3 months ago

Euroclear looking at post-Brexit options for UK, Irish market

DUBLIN, May 12 (Reuters) - Settlement bank Euroclear is looking at the option of setting up a branch or subsidiary to provide a route between its UK and Irish markets following Brexit, the head of its UK and Irish operation said on Friday.

Brussels-based Euroclear's UK operation Crest currently settles both UK and Irish shares.

"That will have to change a bit in the light of Brexit and we are looking at the options of a branch and a subsidiary to try to provide a route by which we can provide solutions to this market," John Trundle told a conference in Dublin. (Reporting by Padraic Halpin,; Editing by John Geddie)

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