Commission should have power to order CCPs to relocate to EU – Cœuré

The power would be one among many, says ECB executive board member

Benoît Cœuré: reviewing the regime has “become urgent in the current environment”

A senior figure at the European Central Bank (ECB) has said the institution supported giving European authorities the power to compel central counterparties (CCPs) to move out of the UK and into Europe after Brexit.  

Benoît Cœuré, a member of the ECB’s executive board, appeared to say the measure, recently proposed by the European Commission (EC), should only be used in certain circumstances. But he affirmed Brexit was “prompting a significant rethink of the European approach” to supervising

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a FX Markets account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: