Central Clearing
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CCPs clash over Brexit impact on euro clearing activity
By Jon Watkins
February 20, 2020, The Trade
Central counterparty (CCP) LCH has defended itself against claims that euro-denominated clearing activity has moved to continental Europe following Brexit.
The London …
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Firms set June 22 €STR migration deadline
By Luke Jeffs
February 19, 2020, Global Investor Group
Firms with products linked to European lending rate Eonia should be ready to hedge their exposure in the new €STR rate …
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New MiFID equivalence rules leave U.K. firms in limbo
By Samuel Wilkes
February 19, 2020, Risk
The ability of U.K. investment firms to trade with European Union entities following Brexit is under new doubt as updated equivalence rules are …
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U.K. hopes for E.U. green light for derivatives after Brexit – BOE’s Woods
By Huw Jones
February 12, 2020, Reuters
Britain is optimistic that it will get permission from the European Union for British clearing houses to continue processing trillions of pounds of …
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Bank of England warns of limits to E.U. supervision of U.K. clearers
By Huw Jones
February 11, 2020, Reuters
Cross-border supervision of clearing houses needs to be worked out to avoid “multiple pairs of hands on the steering wheel” in a crisis …
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France ramps up pressure to shift $200 billion euro clearing away from London – sources
By Huw Jones and Leigh Thomas
February 7, 2020, Reuters
France is looking at ways to lure clearing in euro derivatives away from London to the European Union to lessen …
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E.U. regulator allows short delay to new rules on failed trades
By Philip Stafford
February 5, 2020, Financial Times
The E.U.’s securities regulator has delayed the introduction of new rules relating to failed trades by just three months, dashing the hopes …
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City will ‘lose market access’ if it turns into Singapore on Thames
By Samuel Agini
February 3, 2020, Financial News
The U.K. risks losing single market access after Brexit if the government decides to relax rules to make the City a more …
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E.U. checks U.K. compliance with market rules after Brexit
By Huw Jones
January 31, 2020, Reuters
The European Union’s markets watchdog said it will check how Britain applies the bloc’s financial rules during the transition period that follows Brexit …
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SFTR guidelines: too little, too late
By Alice Tchernookova
January 16, 2020, Practice Insight from IFLR
The European Securities and Markets Authorities’ (ESMA) guidelines on reporting under the Securities Financing Transaction Regulation (SFTR) have shed some …
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