ESMA Updates List of CCPs Recognized in Non-EU Countries
Today's action by ESMA will ensure that CME Clearing will be able to continue to provide the clearing services that our global customers depend upon to manage risk. It also will ensure that US markets are not put at a disadvantage in our highly competitive global marketplace.
CME Group Executive Chair and President Terrence A. Duffy
Today's action by ESMA will ensure that CME Clearing will be able to continue to provide the clearing services that our global customers depend upon to manage risk. It also will ensure that US markets are not put at a disadvantage in our highly competitive global marketplace.
CME Group Executive Chair and President Terrence A. Duffy
The European Securities and Markets Authority ("ESMA") revised its list of recognized central counterparties ("CCPs") based in non-EU countries. The list now includes the Chicago Mercantile Exchange ("CME") Group clearinghouse. The European Markets Infrastructure Regulation requires third country CCPs to be recognized by ESMA in order to operate in the EU.
In response to the granted recognition, CME Group Executive Chair and President Terrence A. Duffy stated:
Today's action by ESMA will ensure that CME Clearing will be able to continue to provide the clearing services that our global customers depend upon to manage risk. It also will ensure that US markets are not put at a disadvantage in our highly competitive global marketplace.