November 16, 2023 (NO COMMENTS)
The UK government has handed the Bank of England (BoE) substantial powers to rewrite the rules for central clearing post-Brexit, but experts say the global role of London’s clearing houses makes it unlikely much will change in reality. “All of these things need to work in lockstep, so you can’t have frankly any one regulator walking off in a different direction, because then you end up with a load of conflicting rules [that are] literally impossible to comply
with,” says a senior risk