Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.

UK watchdog says has no view yet on Hong Kong exchange bid for LSE

UK watchdog says has no view yet on Hong Kong exchange bid for LSE
FILE PHOTO: The name of Hong Kong Exchanges and Clearing Limited is displayed at the entrance in Hong Kong, China January 24, 2018. REUTERS/Bobby Yip/File Photo -
BOBBY YIP(Reuters)
Euronews logo
Text size Aa Aa

LONDON (Reuters) – Britain’s markets watchdog said on Monday it has yet to take a position on whether the Hong Kong exchange’s $39 billion rebuffed offer for the London Stock Exchange should go ahead.

There is no firm proposal on the table at the moment and any comment in the media that the Financial Conduct Authority has reached a position should be discounted totally, FCA Chief Executive Andrew Bailey said at a Bloomberg event.

“We are listening, we are observing,” Bailey said, adding that the FCA would only take a position once a firm proposal has been made. A bid would need approval from the FCA and several other regulators from across the world to go ahead.

(Reporting by Huw Jones; editing by Jason Neely)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on for a limited time.