CCP open access meets a ‘disappointing’ death in UK

All eyes turn to EU’s review of listed derivatives clearing, after battle is lost in UK

UK Treasury
The UK Treasury

The UK Treasury’s decision to scrap rules that allow market users to clear listed derivatives at a central counterparty of their choice has been met with disappointment among a coalition of the rules’ supporters.

“This is especially disappointing because both [financial services minister] John Glenn and [Bank of England governor] Andrew Bailey had set out stalls this year and last around the UK paying regard to the principles of openness, competition and resilience,” says Alex McDonald, chief

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: http://subscriptions.risk.net/subscribe

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 Risk.net 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: