‘Regulatory equivalence’ not enough for post-Brexit UK CCPs – Cœuré
ECB official says work on cross-border CCP resolution needs to accelerate
European regulators must insist on tougher standards than “regulatory equivalence” to ensure the safety of central counterparties (CCPs) located in the UK after Brexit, Benoît Cœuré, member of the European Central Bank’s executive board, said at a conference in Frankfurt on April 23.
There is a “systemic risk” posed to European Union financial markets from CCPs located outside the EU but with “substantial activities” inside it. “This aspect will become increasingly important after the United
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