BoE to authorise EU CCPs ‘at 00:01’ on Brexit day

Central bank hopes plan to preserve access for EU CCPs will be reciprocated

Non-UK CCPs shall go to the ball, but will the EU reciprocate?

The Bank of England is hoping its plan to green-light access for non-UK clearing houses “at one minute past midnight” on the day the country leaves the EU will be reciprocated by European authorities.

“By setting out our approach, we’ve said what we think a good answer is. It’s obviously up to the EU how it chooses to approach third-country entities from the UK,” said David Bailey, director of financial market infrastructure (FMI) at the BoE in London.

“We’ve historically been a big supporter

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Week account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: