Following the Commission's presentation, on Tuesday 13 June, of the new supervision mechanism for central counterparties (CCPs) located outside the EU, it did not have to wait long for the first reactions from the financial centre of the City of London.
Stressing that London is the “unparalleled leader when it comes to clearing”, Catherine McGuinness, chairman of the policy committee of the City of London Corporation, the council responsible for the Square Mile financial district,...