trending Market Intelligence /marketintelligence/en/news-insights/trending/2bcl56O9l_eVf_iHkEug7A2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

EU regulator will assess UK clearing houses for equivalence by June

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

Street Talk Episode 70 - Banks' Liquidity Conundrum Could Fuel M&A Activity

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

EU regulator will assess UK clearing houses for equivalence by June

European Securities and Markets Authority will assess whether London's clearing houses can maintain access to European Union customers by June, while it also plans to focus its efforts on boosting the bloc's planned capital markets union.

A final decision on whether London's key clearing houses — led by London Stock Exchange Group PLC's LCH arm, which clears the overwhelming majority of euro-denominated swaps, can continue to work with EU-based customers will be taken as part of the main negotiations between the U.K. and EU, timetabled to last until the end of 2020.

The U.K. is set to leave the EU on Jan. 31 with the bill to enable that to happen finally passing the House of Commons on Jan. 9. A transition period until the end of the year will then come into force during which all financial institutions can trade as before.

The EU must decide whether London's clearing houses can claim "equivalence" to its own rules and regulations and Reuters reported that ESMA chair Steven Maijoor said the regulator will complete its assessments by June.

With the departure of the U.K. from the bloc, the EU will lose its biggest capital market. So ESMA said one of its key priorities over the next three years is to strengthen its efforts in developing the EU's long-proposed capital markets union.

This is intended to establish a single capital market in the EU to provide businesses with an alternative to bank financing. It was originally intended to have the project up and running by 2019, but it is still far from completion.