If the U.S. comes up with something similar then you could potentially end up with a trade between a U.S. and an E.U. financial institution having to be cleared in two separate places, which would be an impossible situation."

© 2026 GlobalCapital, Derivia Intelligence Limited, company number 15235970, 4 Bouverie Street, London, EC4Y 8AX. Part of the Delinian group. All rights reserved.

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement | Event Participant Terms & Conditions

If the U.S. comes up with something similar then you could potentially end up with a trade between a U.S. and an E.U. financial institution having to be cleared in two separate places, which would be an impossible situation."

--Allan Yip, partner at Simmons & Simmons in London, in reaction to a European Parliament amendment calling for European-based derivatives trading to be cleared in Europe and reported to a European trade repository.

Unlock this article.

The content you are trying to view is exclusive to our subscribers.

To unlock this article:

Request demo or Login
  • 4,000 annual insights
  • 700+ notes and long-form analyses
  • 4 capital markets databases
  • Daily newsletters across markets and asset classes
  • 2 weekly podcasts

Related articles

Gift this article