Can the EC reach consensus in euro swaps clearing countdown?

European Commission — Photo: EmDee, https://bit.ly/2XLJMC2

Rebekah Tunstead
11 Aug 2022

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Even as the heat index in Europe rises, the chill of a legislative deadline hangs in the air at the Berlaymont.

The European Commission’s own deadline to end UK equivalence for central clearing counterparties (CCPs) is set in stone for June 30, 2025, and it is putting all its might behind whatever measures might be needed to bring euro swaps clearing into the EU.

The EC is now looking to build consensus among legislators, market participants, governments and regulators on what are the best

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