LCH.Clearnet gains Emir approval

Bank of England sets seal on CCP’s Emir compliance

michael-davie

LCH.Clearnet, the London-based central counterparty (CCP) of LCH.Clearnet Group, has today confirmed that its application to become a designated clearing house under the European Market Infrastructure Regulation (Emir) has been approved by the Bank of England (BoE).

The announcement follows the approval of LCH.Clearnet SA, the group's clearing arm in Paris, by the L'Autorité de Contrôle Prudentiel et de Résolution on May 22. Both clearers now meet the risk management standards set out by Emir.

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