ESMA to tackle exposure to non-EU CCPs
ESMA is warning about the systemic importance of clearing services provided by the United Kingdom's LCH and the United States' ICE. (Credit: helloRuby on shutterstock)
The EU’s securities regulator has called for extra powers to reduce the financial stability risks posed by the bloc’s exposure to non-EU central counterparties, naming clearing services provided by LCH and ICE Clear Europe as of “substantial systemic importance”.
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