Esma calls for more powers over UK CCPs
Sources say Emir 3.0 could be on the way with Esma a big winner
Esma has called for more powers over UK-based central counterparties, after it determined that LCH and Ice Clear Europe in London pose a “substantial” risk to the European Union. The move comes as market participants anticipate further changes to the European clearing regime, Emir, in the new year.
The pan-European securities regulator called for the ability to approve or reject recovery plans of tier two CCPs to “limit potential negative impacts on EU market participants and EU financial
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