Commission allows Euro Clearing in Londo • Table.Briefings

Despite Brexit: trading in euro derivatives remains in British hands.

The Commission’s draft equivalence decision shows that it wants to keep the clearing of euro derivatives in London for another three years. Critics see a failure of the 2022 clearing strategy.

The clearing of euro derivatives, Euro Clearing, will be allowed to take place via the London financial center after June 30, 2025. This is shown in the draft equivalence decision available to Table.Briefings. The last equivalence decision was made in 2022 to give the EU time to establish a functioning clearing infrastructure. At the end of 2023, however, 90 percent of euro derivatives were still cleared via London, writes the Commission.

Commission allows Euro Clearing in London for another three years

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