CME threatens to flee US as regulators challenge liquidity of US Treasury collateral

cme

CME Group has threatened to move "a significant portion" of its clearing business offshore, after US regulators started challenging the liquidity of US Treasury collateral. Proposals from the Commodity Futures Trading Commission (CFTC) could force central counterparties (CCPs) to back US bonds with cash – but other jurisdictions are taking a softer line, CME claims, potentially putting it at a disadvantage to rivals overseas.

The CFTC proposals are an attempt to bring US clearing house

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Switching CCP – How and why?

As uncertainty surrounding Brexit continues and the impacts of Covid-19-driven market volatility are analysed, it is essential for banks and their end-users to understand their clearing options, and how they can achieve greater capital and cross…

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