LCH users weigh early exit as fears grow of EU ban
Two CCPs report interest from LCH customers; banks expect first book transfers in early 2018
European users of LCH are speaking to at least two rival clearing houses as they consider leaving the London-based venue before a potential ban can trigger a mass exodus.
Under proposals issued in June, European Union entities could be barred from using LCH or face a huge increase in capital requirements once the UK leaves the EU in March 2019. Further details on the timing and scope of the ban
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