The European Securities and Markets Authority has issued clarification on its plans to recognise central counterparies (CCPs) in the UK as third country CCPs in the event a no-deal Brexit comes about on 30 March. Continued access to UK CCPs is required acording to Esma because of the need to limit the risk of disruption in central clearing and avoid causing financial instability in the EU. "Esma aims to recognise UK CCPs in a timely manner, where the four recognition conditions under A...
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