ECB mulls wider clearing house access to account facilities
Including CCPs in the Eurosystem may remove the need for them to seek a banking licence
The European Central Bank (ECB) is considering whether to provide eurozone clearing houses with access to its account facilities without a banking licence, according to Fiona van Echelpoel, deputy director-general for general market infrastructure and payments.
“We are looking into this issue at the Eurosystem level, focusing on euro area CCPs currently,” she says, in an interview with Risk.net on the sidelines of the Frankfurt 2020 conference, organised by Eurex. “It’s a complicated topic that
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