The European Securities and Markets Authority (ESMA) declared on Monday that in case the UK left the EU with no deal, it would authorize three central counterparties from the UK to operate in the EU legally. The three CCPs are LCH Limited, LME Clear Limited and ICE Clear Europe Limited, which are all registered and headquartered in…
Read more
The European Securities and Markets Authority (ESMA) has today added ICE Clear US to its list of recognized third country central counterparties (CCPs) under the European Markets Infrastructure Regulation (EMIR). EMIR requires EU-based CCPs to be authorized and non-EU CCPs to be recognized in the European Union (EU). Once a CCP has been authorized or recognized within…
Read moreIt is becoming clear as the dust is settling from last week's Leave victory in the UK Brexit referendum that European country government and EU officials are going to do all they can to make it both difficult and expensive for the UK to leave the European Union. Part anger? Part revenge? Part hoping to…
Read moreICE Clear Credit makes an inaugural entry into the clearing of Hungarian and South African CDS, adding such asset classes to its existing emerging market credit default swap coverage
Read more