LCH nixes US repo clearing, Weisbrod departs
David Weisbrod, CEO of LCH’s US businesses, left the company last month
LCH has shelved plans to launch a US repo clearing service after concluding the project would take too long to complete.
LCH established a working group in late 2014 to explore options for launching a US tri-party repo clearing service. The planned service would have allowed buy-side firms, including money market funds and hedge funds, to clear repo trades via agent clearers. The project was
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