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(M2) Bearish Theme

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(MNI) London

The EU Commission is set to propose a further 3-year extension to equivalence for UK clearing houses until mid-2025, EU Financial Services Commissioner Mairead McGuinness said Tuesday.

Speaking at the latest ECOFIN meeting in Brussels, Mc Guinness also said that the EU remained concerned by the blocs dependence on UK clearers and that the extension would give the EU clearing sector time to increase its competitiveness.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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