Clearinghouses ready for a fight as EU countries consider banks' call for tougher rules

4 November 2019 9:37pm
Clearinghouses are gearing up for a fight as EU governments finalize their position on whether the companies will have to increase their financial contribution in a downturn after banks called on regulators to bring in the measure.

A meeting of EU diplomats could set into motion rules requiring clearinghouses to cough up more cash for bank defaults, despite clearinghouses arguing that it would be damagingly costly for smaller companies and could place EU providers at a competitive disadvantage.