ECB: don’t expect equivalence extension for UK CCPs

Central bank official says EC likely to stick to June 2022 deadline

European Central Bank, Frankfurt
The ECB is part of a working group set up to decide whether to extend the temporary equivalence offered to UK CCPs

The European Commission is likely to stick with its June 2022 deadline for halting equivalence for UK central counterparties, says an executive at the European Central Bank.

Despite concerns that a lack of equivalence for UK CCPs could hurt European firms, Fiona van Echelpoel, deputy director general of market infrastructure and payments at the ECB, says the EC will stand firm.

“I think the aim of the Commission, and precisely the reason for setting the period of 18 months, was to keep the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: