BoE promises new ‘rulebook’ for clearing houses and CSDs
Official says post-Brexit arrangements will be ‘more adaptable and dynamic’
A senior Bank of England outlined plans to draw up a new “rulebook” for the UK’s central counterparties (CCPs) and central securities depositories (CSDs) in a November 7 speech.
Sasha Mills, executive director for financial market infrastructure, said the new regulatory system could be “the most significant change to how the UK implements regulation” for this area in its history. However, “the spirit and objectives of those rules will remain unchanged”.
The UK is adopting new rules for
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