Exchange leaders debate impact of open access on CCPs
Forcing clearinghouses to connect to rival venues under the revised Market in Financial Instruments Directive may have the unintended consequence of stifling competition among clearinghouses, leading to a small number of incumbent houses holding large amounts of risk.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article:
- ✔ 4,000 annual insights
- ✔ 700+ notes and long-form analyses
- ✔ 4 capital markets databases
- ✔ Daily newsletters across markets and asset classes
- ✔ 2 weekly podcasts
