US megabanks lead push for agency clearing at European CCPs

Clearing through agency model would cut US lenders’ G-Sib capital surcharges

European and US co-operation
Image: Risk.net montage/Getty

A group of banks led by large US lenders is in talks with European central counterparties (CCPs) to persuade them to set up agency clearing models, which would slash capital charges applying to global systemically important banks, or G-Sibs.

The push is in its early stages, according to bank and clearing house sources close to the matter. Risk.net understands that the banks involved are focusing their efforts on Eurex, Ice and LCH’s SwapClear and CDSClear, but will likely want as many other UK

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...

Regulation

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: