HM Treasury constructing in Westminster, London
After 4 years of short-term equivalence within the wake of Brexit, UK regulators plan to announce everlasting recognition for US clearing homes by the year-end.
In February 2019, the UK’s Prudential Regulatory Authority and Monetary Conduct Authority granted US central counterparties (CCPs) short-term recognition, permitting them to proceed providing clearing companies to companies within the UK after the nation’s official exit from the EU the next 12 months. In line with a UK Treasury official, this
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