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CCP turf war simmers as OTC regulations head to the European Parliament

LCH.Clearnet could be prevented from clearing euro swaps under central bank liquidity proposals being pushed by some European regulators

Euro banknotes

Non-eurozone central counterparties (CCPs) could find themselves locked out of clearing euro-denominated swaps under new European Union (EU) legislation for over-the-counter derivatives if French politicians and regulators get their way. The French are the most vocal of a group of EU member states pushing for CCPs to be required to have access to central bank liquidity in the same currency as the

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