CCP open access meets a ‘disappointing’ death in UK
All eyes turn to EU’s review of listed derivatives clearing, after battle is lost in UK
The UK Treasury’s decision to scrap rules that allow market users to clear listed derivatives at a central counterparty of their choice has been met with disappointment among a coalition of the rules’ supporters.
“This is especially disappointing because both [financial services minister] John Glenn and [Bank of England governor] Andrew Bailey had set out stalls this year and last around the UK paying regard to the principles of openness, competition and resilience,” says Alex McDonald, chief
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