Britain and EU finalise temporary derivatives clearing accord


© Reuters. The spread of the coronavirus disease (COVID-19) in London

LONDON (Reuters) – The Bank of England and the European Union’s securities watchdog said on Monday they have agreed on the information-sharing arrangements needed for the bloc’s banks to continue using clearing houses in London from January.

Britain’s unfettered access to the bloc ends on Dec. 31, and Brussels had already decided it would grant temporary access for UK clearing houses until June 2022. An updated cross-border regulatory accord between the BoE and the European Securities and Markets Authority (ESMA) was also needed to implement the decision.

 

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.





READ SOURCE

READ  Pelosi Flags Poison Pills in Stimulus Talks; Testing Deal Nears

LEAVE A REPLY

Please enter your comment!
Please enter your name here