HM Treasury constructing in Westminster, London
After 4 years of momentary 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) momentary recognition, permitting them to proceed providing clearing companies to corporations within the UK after the nation’s official exit from the EU the next yr. Based on a UK Treasury official, this
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