Carney welcomes EC oversight of CCPs

Mark Carney Mansion House
By Ross Lancaster
20 Jun 2017

Bank of England governor Mark Carney welcomed parts of the European Commission’s draft proposals on euro clearing this week while warning against relocating the activity from its base in London.

Both Carney and Philip Hammond, UK chancellor of the exchequer, emphasised the importance of cooperation between international regulators in their annual Mansion House speeches on Tuesday.

“Platforms are being created for deference to each other’s approaches when they achieve similar outcomes,” said Carney. “With robust standards consistently applied, ...

Please take a trial or subscribe to access this content.

Contact our subscriptions team to discuss your access: subs@globalcapital.com

Or sign up for a trial to gain full access to the entire site for a limited period.

Free Trial

Corporate access

To discuss GlobalCapital access for your entire department or company please contact our subscriptions sales team at: subs@globalcapital.com or find out more online here.