FCA chief calls for EU to extend Brexit clearing exemption

Bailey also urges EU to grant equivalence determinations for UK trading venues

Andrew Bailey: “…the best solution is for the EU to grant permanent recognition of UK CCPs”

The chief executive of the UK Financial Conduct Authority, Andrew Bailey, has said the European Union needs to extend temporary permission for UK clearing houses beyond its planned expiry date of March 30, 2020, to prevent EU clearing members being denied access.

In December 2018, the European Commission adopted an act allowing EU clearing members to temporarily access UK central counterparties for a 12-month period, starting from the original Brexit date of March 2019, in the case of the UK

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

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