LCH users weigh early exit as fears grow of EU ban

Exit sign — LCH users not ready "to pull the trigger yet" - but firms could start departing in early 2018

Luke Clancy
Duncan Wood
02 Aug 2017

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European users of LCH are speaking to at least two rival clearing houses as they consider leaving the London-based venue before a potential ban can trigger a mass exodus.

Under proposals issued in June, European Union entities could be barred from using LCH or face a huge increase in capital requirements once the UK leaves the EU in March 2019. Further details on the timing and scope of the ban are not expected until the second half of next year, potentially leaving a tight window for

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