LCH users weigh early exit as fears grow of EU ban
Two CCPs report interest from LCH customers; banks expect first book transfers in early 2018
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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