Commission’s CCP powers ‘might not lead to exodus from UK’

The European Commission

Proposals by the European Commission (EC) that it should gain the power to order central counterparties (CCPs) engaging in euro-denominated clearing to move to a jurisdiction within the European Union will not necessarily lead to an “exodus” from the UK, some commentators tell Central Banking.

A majority of euro-denominated clearing activities are currently carried out in the UK, which is currently in negotiations to leave the EU. European Central Bank (ECB) executive board member Benoît Cœuré

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: