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EU mandates ‘portion’ of clearing must be done through European clearing houses
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fnlondon.comEU firms will have to clear a portion of their euro-denominated derivatives through European clearing houses under draft proposals published 7 December, as Brussels looks to win back business from London after Brexit.
The European Commission proposals did not specify how much clearing would need to be done in EU clearing houses, leaving the European Securities and Markets Authority to determine a minimum level.
The...
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