15/10/2019 (Agence Europe) – On Tuesday 15 October, the EU Council adopted the new rules for the supervision of central counterparties (CCPs) established in the European Union and in non-Member States (see EUROPE 11807/10). The reform aims to strengthen the supervision of CCPs in order to take into account the increasing size, complexity and cross-border dimension of clearing in Europe. The case was considered a priority because of its link with Brexit and an agreement was reached in March (see EUROPE 12213/32) between the co-legislators. Almost 75% of interest rate derivatives that are in euros are offset in the United Kingdom, which will soon become a non-Member State again. After the text is signed in Strasbourg next week, the regulation is expected to be published in the Official Journal on 24 October and to enter into force 20 days later. See the adopted text: https://bit.ly/32jIMm9 (MF)