ECB requests powers to regulate CCPs

Brexit heightens concern over importance of central counterparties

ecb-frankfurt-new
ECB: requested changed status

The European Central Bank (ECB) has asked the political authorities of the European Union to change its statute to give it powers to regulate central counterparties (CCPs).

The move is likely to be in response both to long-standing concerns over the importance of CCPs to the financial infrastructure of the eurozone, and to more recent worries sparked by Brexit. The majority of euro-denominated clearing is carried out by CCPs based in the UK, which is now negotiating its exit from the EU.

The

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking 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 individual account

.