Ice Clear Credit may face Esma review as euro CDSs migrate to US

Upgrade in systemic status would depend on extent of migration from UK-based Ice Clear Europe

Ice logo against US flag backdrop
Igor Golovnov/Alamy Stock Photo

Europe’s markets regulator is considering whether to review the systemic status of Ice’s US operations, as the exchange group consolidates credit default swap (CDS) clearing in Chicago – a move that could increase regulatory requirements on the central counterparty (CCP).

US-based Ice Clear Credit (ICC) is designated as a Tier 1 third-country CCP by the European Securities and Markets Authority (Esma), meaning it is not deemed a financial stability threat to the European Union and is subject

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 info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

If you already have an account, please sign in here.

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

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: