As announced in January at the Ecofin Council (see EUROPE B12871A28), the European Commission decided on Tuesday 8 February to extend until 30 June 2025 the decision establishing the equivalence of European (Regulation 648/2012) and UK rules on the supervision of central clearing houses (CCPs). This decision will ensure the financial stability of the European Union in the short term, according to the EU institution.
“We must reduce overdependence on CCPs outside the EU as a matter of...