Deutsche Bank expects early 2018 decision on LCH exit
LSE chief slams clearing relocation proposals for trying to create captive European Union market
The clearing industry needs to jointly agree on whether to relocate swaps clearing away from London-based LCH by early next year to ensure continuity of service for clients in the event of a hard Brexit, Deutsche Bank’s regulatory head has warned.
The future of euro clearing was thrown into doubt when the UK voted in June 2016 to leave the European Union. Under proposals issued in June this year, EU entities could be barred from using LCH or face a huge increase in capital requirements once the
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