Bank of England to review UK clearing rules
Broader collateral set and greater margin transparency could be adopted from Emir 3.0, but not active accounts requirement
UK rule-makers are readying revisions to laws governing central counterparties that will copy across some of the recent changes to equivalent regulations in the European Union. Two sources identify the Bank of England as spearheading the changes, which could be announced imminently, according to one source.
“They do want to touch on the CCP rules because that has been done in the EU, and so the UK also wants to consider [doing] the same,” says a regulatory expert at a trading venue. “This is a
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