LCH units bolster liquidity buffers
Cash at central banks and with commercial banks higher in the second quarter
Clearing house LCH’s London and Paris-based entities both built up their cash reserves in the three months to June 30, although the make-up of their respective liquidity portfolios differ markedly.
LCH SA, the clearing house’s continental European unit, swelled total liquid resources 21%, to €44 billion ($51 billion) from €36 billion in the quarter to end-June. LCH Ltd, the larger London entity, recorded a more modest 3% increase, to €78 billion from €76 billion.
However, the two units have
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