Sector Regulation Sector Regulation

LCH, Chaps, Facebook's Diem could fall under EU settlement and insolvency rules

By Jack Schickler
  • 12 Feb 2021 11:02
  • 12 Feb 2021 11:02
UK settlement systems such as LCH and Chaps, as well as Facebook’s planned Diem virtual currency, could get caught by EU insolvency rules as the European Commission seeks to extend laws on trade finality and financial collateral. 

Consultations published today represent the latest move by the bloc to shore up its financial infrastructure

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