The Governor for the Bank of England warned of higher costs but welcomed the European Commission’s proposal on tighter CCP supervision across the EU.
ESMA could gain authority to declare CCPs of major systemic importance be established in EU to provide services.
Davie will run LCH's global OTC and listed rates derivatives clearing business, as well as the launch of SwapAgent.
Bank says CCPs represent huge risk for market participants.
Head of ICE Benchmark services believes US could examine its own clearing arrangements in wake of Brexit move.
Industry association says enhanced supervision option should be explored by Europe.
The DTCC has unveiled infrastructure changes to its middle office and post-trade functions.
Panelists at The TRADE’s Future of Post Trade event explained asset managers are seeking alternatives to posting cash collateral.
Panellists at The TRADE’s Future of Post-Trade event warned costs will rise if clearing moves to EU.
Panel of MiFID II reporting experts at The TRADE’S Future of Post-Trade event discussed challenges for buy-side firms ahead of the deadline.