LCH warns on euro clearing land grab
Isda AGM: location policy would result in higher margin costs, lower liquidity, says Maguire
Clearing house LCH has spoken out for the first time about suggestions that euro-denominated derivatives will have to be cleared in the eurozone following the UK’s exit from the European Union, arguing it would hike costs and restrict access for market participants.
“If there is some form of location policy, whatever that may be, and it’s not clear, one potential inevitability is the fragmentation of clearing. Going up the chain you’ll have fragmentation of liquidity, and if you have that you
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