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UK clearinghouses’ 18-month access to EU markets won't be extended, official says

By Fiona Maxwell ( December 2, 2020, 16:13 GMT | Insight) -- Temporary access for UK clearinghouses to EU clients after Brexit will not be extended, a policy officer in the European Commission’s financial services directorate said today. “This is the last one, the last 18 months: This is not going to happen [again],” Gilles Hervé told a conference of the derivatives industry in what was an at-times tense discussion. Temporary access for UK clearinghouses to EU clients after Brexit will not be extended, a policy officer in the European Commission’s financial services directorate said today....

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