The European Union probably won’t try to wrest a lucrative financial clearing house away from London anytime soon, but the euro-denominated business could eventually be moved to the continent, a top EU official says.

Valdis Dombrovskis, the new financial services chief of the European Commission, said the EU is in no rush to negotiate a shift in the headquarters of a clearing house that deals in trillions of dollars worth of investments every year. European and UK leaders have an array of important issues to work through before Britain can exit the union.