Ice hits out at LCH over capital resistance
Ice's Jeffrey Sprecher has criticised LCH.Clearnet's resistance to raising extra capital, arguing that the industry needs to figure out its long-term capital needs
Jeffrey Sprecher, founder and chairman of Ice, has taken a swipe at rival LCH.Clearnet, arguing central counterparties (CCPs) should not be resisting calls to boost their capital levels. LCH.Clearnet published a white paper on the topic on December 4, which argued in favour of the regulatory status quo.
"We are not shying away from it," Sprecher told attendees at a Goldman Sachs conference in New York on December 10. "We are not writing any white papers that say we shouldn't be doing it. The
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