Deutsche Börse exec backs euro clearing landgrab

Swiss CCP operator Six x-clear defends current equivalence regime

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Deutsche Börse could benefit if euro clearing is relocated to the eurozone

A senior Deutsche Börse executive has expressed support for relocating euro-denominated clearing to the eurozone.

Speaking at a conference in London today (May 18), Niels Tomm, head of government relations at the German exchange operator, cited “deficiencies” in the current cross-border equivalence regime – used by domestic regulators to assess whether the rules binding foreign clearing houses are consistent with their own – that would need to be addressed to ensure equitable access for clearin

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