This post was originally published on this site
https://i-invdn-com.akamaized.net/trkd-images/LYNXMPEH1M0SZ_L.jpg
Clearers in Britain have EU permission to continue clearing for EU customers until mid-2022 to give banks time to shift their euro positions to the continent, but switching has been slow.
“The current level of exposure to UK central counterparties (CCPs) raises a number of issues for the EU that should be addressed by a reduction in the EU’s exposure to UK CCPs,” the European Commission said in a questionnaire sent to banks.
