In contrast, UK-CCPs have only been granted time limited equivalence of three years to reduce EU institutions reliance on them.
New chief risk officer at the OCC brings over 20 years of experience to the role, after serving in similar positions for both State Street and Nomura.
The OCC cleared 7.52 billion total contracts and 7.47 billion in options contracts, beating the previous record set in 2018 by a landslide.
The OCC said JP Morgan had failed to maintain adequate internal controls and internal audit over its fiduciary business.
The Options Clearing Corporation will replace its current clearing system with the help of Cinnober.
OCC warns banks could pull out of listed options markets in wake of higher capital rules.