Euroclear criticises non-neutral industry utilities

Major CCPs part of profit-maximising, exchange-owned entities

Saheed Awan, Euroclear

During the financial crisis we witnessed financial market infrastructures being tested in the extreme. Firms such as Lehman Brothers, Northern Rock and RBS endured traumatic business experiences. Even the largely unsung providers of post-trade securities services did not escape the force of the financial storm. Euroclear’s services, including tri-party collateral management systems and services, were also subjected to stern duress and a new horizon of business challenges. However, Euroclear and