EC considers six-month pause for CME's ‘doomsday clock’

Foreign CCPs may get surprise grace period

European commission
The European Commission

The European Commission is considering giving its markets watchdog a further six months to assess whether clearing house rules in foreign jurisdictions match up to those in the European Union, postponing a potential capital hit for banks that use non-approved central counterparties (CCPs). Capital requirements were due to jump on December 15 – a supposedly immovable deadline that has been described as a "big doomsday clock" by one CME Group executive.

Speaking at a Futures Industry Association

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: