Market halts clearing shift to Eurex ahead of EU consultation

Participants hit ‘pause’ after proposed three-year equivalence extension for UK clearing houses

Three-year-equivalence-extension-proposed-for-UK-clearing-houses
Risk.net montage

Firms remain reluctant to move their euro swaps clearing to Eurex after the European Commission in mid-January proposed extending its temporary equivalence for UK clearing houses by three years. Without equivalence, EU-based firms cannot continue trading euro interest rate swaps at LCH, where most liquidity resides.

Market participants are also waiting to see which incentives the commission will introduce to encourage them to move to EU clearing houses before making any decision on whether to

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 info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

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: