The European CCP industry met in Paris on 21st of November for the following events:

Extraordinary EACH General Assembly

During its Extraordinary General Assembly meeting of 21st November 2018, the 19 members of the European Association of CCP Clearing Houses (EACH) unanimously elected Julien Jardelot, Global Head of Post-trade and Technology, Regulatory Strategy LSEG, as Co-Chair of EACH for the current term of the EACH Board expiring March 2020.

The EACH General Assembly also defined the EACH Strategy for the next year. EACH will continue to prioritise the engagement with European and Global authorities to promote safer and more efficient financial markets for the benefits of the CCP’s customers and the economy as a whole. As Global authorities increase their detailed work on CCP matters and EU authorities will be renewed for a five-year term, it is more than ever important to foster the understanding of the functioning of the CCP industry by public and private market participants.

EACH CEO Summit and Dinner event with ESMA Chair Steven Maijoor

In the evening of 21st November 2018, the CEOs of the European CCP Clearing industry held a successful dinner event with ESMA Chair Steven Maijoor as keynote speaker and discussed with him some of the most relevant topics for the CCP industry.

EACH Secretary General Rafael Plata commented: ‘Over the past years the CCP Clearing industry has proven to play a crucial role in providing safety and efficiency to financial markets. As the industry grows and develops , it is increasingly important to liaise with public and private stakeholders to continue raising awareness about the benefits provided by the CCPs for its customers and the market as a whole . The election of Julien as Co – Chair further strengthens the EACH Board in delivering its strategy ’.

Source: EACH