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CME might escape EU clearinghouse block as Brussels hunts way to limit US fallout

By Fiona Maxwell ( March 10, 2020, 16:05 GMT | Insight) -- US clearinghouse giant CME might escape controversial EU rules blocking access to clients in the bloc for foreign clearinghouses as Brussels tries to limit the trans-Atlantic impact of the Brexit-inspired legislation. The European Commission was expected to finalize rules by the end of last year to supplement an EU-wide regulation on clearinghouses by specifying which entities might be subject to the access block — but talks have been held up as Brussels has sought to find a way to exempt US companies, MLex has learned.US clearinghouse giant CME might escape controversial EU rules blocking access to clients in the bloc for foreign clearinghouses as Brussels tries to limit the trans-Atlantic impact of the Brexit-inspired legislation....

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