By Tom Fairless
FRANKFURT--The planned merger between Deutsche Boerse AG and the London Stock Exchange could help to link U.K. and European Union financial markets following Britain's vote to leave the European Union, a top German central-bank official said on Wednesday.
The merged company "could serve as a bridge between the U.K. and EU financial markets and ensure continuity, such as in the clearing of euro-denominated financial instruments," said Andreas Dombret, a board member at the Bundesbank.
EU antitrust authorities launched an in-depth probe into the 27-billion-euro merger in September, citing concerns over the combination of both companies' clearing houses. The deal would create the largest collateral pool in the world, at around EUR150 billion, used to guard against risk when clearing transactions.
"We must make sure that the door is open for close cooperation with the U.K. authorities," Mr. Dombret said.
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(END) Dow Jones Newswires
November 16, 2016 05:03 ET (10:03 GMT)
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