Market participants need to prepare for life without Libor.
Proposals do not create a comprehensive framework for U.S. customers to access foreign cleared markets.
This helps establish €STR as the new benchmark risk-free rate.
Industry says without an extension, EU clearing members could face trouble in UK CCPs.
The current temporary equivalence expires on March 30, 2020.
Eurex Clearing’s direct access model for the buy side gained its first EU-domiciled bank as a member.
There is new technical advice regarding the criteria for, access to, and fees applying to non-EU firms.
Eurex Clearing announced a 100% discount on booking fees for portfolio switches.
EuroCCP can now clear more than 95% of European equities traded on venues.