Buy-side firms in France, Germany and other European Union (EU) countries may not be able to use central counterparties (CCPs) in the US because of a clash between the two jurisdictions’ segregation regimes. It is a particular problem for credit markets. Currently, only CME Group and Ice Clear Credit offer client clearing for credit default swaps – and both are in the US.
“It is important for German asset managers to have access to US CCPs because of investments not cleared in Europe,” says Rudo
The week on Risk.net, July 7-13, 2018Receive this by email