Skip to main content

Esma head issues Brexit warning over UK CCPs

Maijoor calls for continued access for EU members

Steven Maijoor
Esma chief Steven Maijoor

London’s LCH is expected to start serving cancellation notices to around a third of its SwapClear members before year-end if no arrangement is made for European Union firms to continue using the world’s biggest swaps clearing house after Brexit.

Under the terms of LCH’s rule book, members could be given just three months to transfer an estimated £38 trillion ($49 trillion) in swaps notional to alternative venues. The scenario has been widely discussed by banks and other clearing houses in

Solo los usuarios que tengan una suscripción de pago o formen parte de una suscripción corporativa pueden imprimir o copiar contenido.

Para acceder a estas opciones, junto con todas las demás ventajas de la suscripción, póngase en contacto con info@centralbanking.com o consulte nuestras opciones de suscripción aquí: subscriptions.centralbanking.com/subscribe

Actualmente no puede copiar este contenido. Póngase en contacto con info@centralbanking.com para obtener más información.

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

Regístrese en Central Banking

Todos los campos son obligatorios, salvo que se indique lo contrario.

Mostrar contraseña
Ocultar contraseña

Most read articles loading...

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

Iniciar sesión
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

.