Clearing
LSEG hires former JPMorgan executive to run swap clearing
Nick Rustad joins the bourse owner to oversee its lucrative SwapClear business
Marex eyes more acquisitions as revenue jumps 75%
Trade services firm passes $1bn mark in its first results since going public
1 min read
Euronext posts record revenue after clearing shift
Clearing revenue spikes 23% after moving off the London Stock Exchange’s systems to in-house technology
2 min read
Brussels’ diluted proposals hand London a victory over clearing
The European Commission’s latest rule changes mean it may never be able to wrest control of the massive euro swap market from the UK
8 min read
City’s big clearing win lifts hopes for broader EU talks
The decision could pave the way for a more pragmatic approach to future discussions
4 min read
EU set to row back on mandatory threshold for euro clearing
A quantitative clearing requirement, seen as the worst-case scenario for European banks and traders, has been dropped for now
3 min read
EU banks fear new clearing minimums could be rushed through
Esma could be given powers to review the euro swap clearing market and mandate thresholds
4 min read
Clearstream’s Samuel Riley: Europe mustn’t break apart on T+1
Clearstream’s chief executive on why the plumbing of the financial system matters
5 min read
Euronext to provide ‘full offering’ as it expands clearing business
Euronext Clearing is set to become the third-largest clearing house in the European Union
3 min read
Bankers fear losing business amid EU clearing mandate: ‘We will be constrained’
Europe's efforts to win clearing business could backfire, officials at banks in the bloc warn
5 min read
Industry bodies push back on EU’s forced move for Europe-based clearing
The 11 trade associations said the 'active account requirement' would disadvantage EU firms
2 min read
Marex’s clearing business nearly triples in first half of 2023
Profit more than doubles off the back of growth in clearing and execution services
Why LCH’s Maguire isn’t worried about the EU’s push to move clearing to the bloc
Proposed EU rules would affect around 7% of LCH swap volume
Marex muscles in on big banks in battle for clearing
The LME crisis and Brexit have thrust clearing into the spotlight. Now Marex wants more of the action
Clearing houses, exchanges gear up to move trillions away from Libor
Dress rehearsals are ramping up as the end of the rate nears
Forced EU clearing could damage capital markets, industry groups warn
Sector leaders say reforms could increase costs and stop best execution
2 min read
London dominates clearing again despite EU bid to take market share
The LCH still clears more than 90% of many interest rate derivative products, even as the bloc tries to shake its position post-Brexit
2 min read
EU mandates ‘portion’ of clearing must be done through European clearing houses
The new rules proposed by the commission will change where EU banks can clear euro-denominated derivatives
3 min read
European energy traders face up to 80% spike in margins
Collateral calls are jumping, with more pain set to come
3 min read
How Brexit has chipped away at London’s financial crown
Financial News rounds up our coverage of how the City has been impacted since the landmark Brexit vote
2 min read