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Lack of ambition in revamp of EU clearinghouse rules hands UK a bonus prize

By Jean Comte ( February 5, 2025, 15:06 GMT | Comment) -- A three-year extension for UK-based clearinghouses to access the EU market triggered anger from EU lawmakers this week, lamenting what seems to be a lack of attention to the need to develop the EU's clearing market. But the European Commission says this very objective was made more difficult by the latest review of the clearing regulation, the key provisions of which had been watered down. How now to boost EU clearing?The last meeting of the European Parliament's committee on economic affairs, on Monday evening, was particularly tense — at least compared to the usual standards for this kind of institutional gathering. ...

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