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David Prosperi retires from OCC
16 November 2020 US
Reporter: Drew Nicol

Options Clearing Corporation’s David Prosperi is set to retire as senior vice president, communications

UK Government grants CSDR, EMIR and CCPs equivalence to EEA states post-Brexit
11 November 2020 UK
Reporter: Maddie Saghir

Rishi Sunak, chancellor of the exchequer, explained that CSDR will form part of UK law at the end of the transition period on 31 December 2020

LCH SA connects to Cboe Europe for equities clearing
06 October 2020 London
Reporter: Natalie Turner

LCH SA offers clearing of all Euronext stocks traded on Cboe Europe’s UK order books

ESMA confirms recognition of three UK CCPs post Brexit
30 September 2020 London
Reporter: Maddie Saghir

LCH, ICE Clear Europe, and LME Clear will be eligible to provide services in the EU after the end of the transition period following the withdrawal of the UK from the EU

EC adopts time-limited equivalence decision for UK CCPs
21 September 2020 Brussels
Reporter: Rebecca Delaney

The European Commission has adopted a time-limited decision to allow financial market players 18 months to reduce their exposure to UK central counterparties

EACH: 16 members perform successful fire drill tests in BCP mode
09 September 2020 Brussels
Reporter: Rebecca Delaney

The resilience of European CCP has been confirmed by fire drill tests carried out in business community planning mode during Q2 2020

WFE and EACH set out recommendations for CCP equity in resolution
31 July 2020 London
Reporter: Rebecca Delaney

The World Federation of Exchanges has called for a “careful and considered” approach in changing resolution arrangements at central counterparties in case of damaged stability and increased systemic risk

EACH updates CSDR SDR framework
14 July 2020 Brussels
Reporter: Maddie Saghir

The latest version contains updates based on feedback received from industry participants and the authorities

EU-wide CCP stress test finds “significant” concentration risk
14 July 2020 Brussels
Reporter: Rebecca Delaney/Drew Nicol

The European Securities and Markets Authority has published the results of its third stress test exercise for the EU’s 16 CCPs which found that “concentrated positions represent a significant risk”

EC mulls adoption of a time-limited equivalence decision for UK CCPs
10 July 2020 Brussels
Reporter: Maddie Saghir

AFME has welcomed the confirmation and said it is essential to address a very important financial stability risk

Basel Committee on Banking Supervision publishes progress report
07 July 2020 Switzerland
Reporter: Rebecca Delaney

The Basel Committee on Banking Supervision (BCBS) has published a new progress report on adoption of the Basel regulatory framework.

EACH responds to ESMA’s EMIR REFIT report
03 July 2020 Brussels
Reporter: Maddie Saghir

EACH has responded to the ESMA first report for the consultation “Technical standards on reporting, data quality, data access and registration of Trade Repositories under EMIR REFIT”