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LCH, ICE to see consultation on EU clearing block this summer, ESMA official says

By Jack Schickler ( June 23, 2021, 16:38 GMT | Insight) -- LCH, ICE Clear Europe and their European members will be consulted in the summer about the implications of refusing access to EU clients, a senior official from the European Securities and Markets Authority has said. The EU still needs to decide whether to extend the emergency access granted to the two major London-based clearinghouses in the wake of Brexit, which expires in June 2022 — and has been warned of operational chaos and financial instability if it doesn’t.LCH, ICE Clear Europe and their European members will be consulted in the summer about the implications of refusing access to EU clients, a senior official from the European Securities and Markets Authority has said. ...

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