Euro swaps relocation stalls as equivalence deadline nears

Nine months before equivalence deadline, over 70% of EU euro swap trades still clear in the UK

Euro-T+1

The European Union’s effort to force a relocation of euro swaps clearing away from the UK appears to be faltering.

Just nine months before a temporary equivalence deal for UK clearing houses is due to expire, more than 70% of new single-currency euro swaps traded on EU venues are still being cleared in the UK, according to data from Osttra, a post-trade service company jointly owned by CME Group and IHS Markit.

Kirston Winters, chief risk officer of Osttra, presented the new data at the

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: