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LCH, ICE Clear impact on EU financial system being weighed, official says

( March 24, 2021, 13:39 GMT | Official Statement) -- MLex Summary: London-based clearinghouses LCH and ICE Clear Europe could be stripped of some — or all — of their services to EU clients, as officials ponder whether their role is too substantial to take place outside the bloc. Klaus Löber, who chairs a key clearinghouse committee at the EU financial market watchdog ESMA, said he was looking to cooperate with the Bank of England on inspections and to review the status of 34 other foreign clearinghouses, in a speech published today.Speech attached. ...

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