LPFMI: EU banks’ access to UK clearing houses – understanding the undercurrents with Godfried de Vidts
Ever since the Brexit vote 2016, the EU has sought to redirect euro-denominated derivatives clearing by EU banks to clearing houses in the EU for mostly financial stability reasons. On Wed. 22. Jan. 2025 the European Commision has proposed to extend euro-denominated derivatives clearing by EU banks at UK derivatives clearing houses for another three […]
