European Commission confirms 18-month equivalence for UK CCPs
After confirming plans to adopt a time-limited equivalence decision in July, the European Commission has said equivalence for UK CCPs will now end in mid-2022.
Tag: clearing
Europe
European Commission confirms ‘time-limited’ equivalence for UK CCPs
As the European Commission finalises EMIR 2.2, it has confirmed a temporary equivalence decision for UK CCPs from January 2021.
European Commission sets up industry-wide group to solve clearing challenge for pension funds
New working group will look to solve complications for pension funds in providing cash collateral as variation margin.
CCPs clash over Brexit impact on euro clearing activity
Representatives from LCH and EuroCCP highlight contradicting trends they are seeing in clearing activity throughout Europe following Brexit.
EU Commission confirms plans to extend temporary equivalence of UK CCPs
European Commission vice president, Valdis Dombrovskis, said in London today that the EU plans to extend the temporary equivalence for UK CCPs.
Industry bodies urge EU to extend temporary equivalence of UK CCPs
AFME, FIA, ISDA and other trade groups have written to the European Commission seeking an extension to equivalence, due to expire in March 2020.
Asset manager and bank heavyweights call for major reform to clearing houses
BlackRock, Goldman Sachs, Allianz, JP Morgan and Vanguard are among those raising concerns about CCPs, urging regulators to take action.
Citi claims over a quarter share of cleared swaps market
Citi’s client cleared swaps margin stood at over $28 billion in the second quarter of the year, representing 27% of the total amount of margin posted for the US swaps market.
Former Credit Agricole banker to lead LCH in London
Current LCH chief executive, Martin Pluves, is due to step down from the position on 31 July to pursue other opportunities.
BNY Mellon goes live with cleared agent securities lending offering
BNY said the transaction represents a major new route to market for its securities lending clients without the need to set up direct clearing membership.