Friday 16 Jun 2017 @ 10:36
Open Europe
Printable version

EC shies away from nuclear option in its euro clearing reform plans

Open Europe’s Vincenzo Scarpetta looks at the EC’s new proposals for the supervision of non-EU clearing houses handling euro-denominated transactions – which are of great interest to the UK in light of Brexit.  The approach chosen looks far more cautious than previous declarations made by several senior politicians across Europe.

The EC has recently unveiled its much-awaited proposal to amend the European Market Infrastructure Regulation (EMIR) with regard to the supervision of clearing houses that handle euro-denominated transactions but are based outside the EU. It is worth looking at the EC’s proposal and what it means in the context of the Brexit negotiations that are expected to kick off next week.

Full Paper

Channel website: http://openeurope.org.uk/

Share this article

Latest News from
Open Europe

Open Europe's Dominic Walsh summarises this week's developments in Brexit, trade, and EU affairs.

24/01/2020 16:05:00

The Brexit Withdrawal Agreement Bill has passed into law unamended and has received Royal Assent.   The PM, Boris Johnson, said that the UK has “crossed the Brexit finish line” and could now “move forwards as one.”

OE Weekly Briefing: Devolution restored in Northern Ireland as the British & Irish Govts. prepare for the next phase of Brexit

17/01/2020 12:15:00

Open Europe's David Shiels looks at the return of devolution in Northern Ireland and considers the role of the restored Executive in the next phase of the Brexit negotiation.

OE Weekly Briefing: Attention turns to the structure of next phase Brexit talks

10/01/2020 13:20:00

Open Europe's Anthony Egan takes a look at what has been said on the structure of UK-EU future relationship talks after Johnson and von der Leyen's meet for the first time since the UK election result..

OE Weekly Briefing: A very different Brexit year lies ahead

23/12/2019 10:30:00

Open Europe’s Policy Analyst David Shiels, provides the last Weekly Briefing of 2019 following the Withdrawal Agreement Bill passing last week in the House of Commons at Second Reading

OE: What does the Conservative election victory mean for Brexit?

17/12/2019 13:10:00

Open Europe's Dominic Walsh and Stephen Booth consider what the election outcome means for Brexit.

OE Weekly Briefing: Post-Brexit immigration policy remains an open question

09/12/2019 11:15:00

Open Europe's Anthony Egan takes a look at what both major parties have said about immigration and the questions that remain.

OE: How do trade agreements affect immigration policy?

06/12/2019 12:10:00

Open Europe’s Anthony Egan explains how free trade agreements constrain the immigration policies of contracting countries, the unilateral measures governments have at their disposal, and the implications of this for the next UK Government.

OE Weekly Briefing: Spotlight on trade deals as manifestos published

29/11/2019 10:15:00

As the general election campaign enters its final two weeks, Open Europe's Dominic Walsh examines the commitments on trade deals in the parties' manifestos.

OE: What do the parties’ election manifestos say about Brexit?

27/11/2019 10:15:00

Most of the main UK political parties have now published their manifestos for the general election on 12 December. Open Europe’s Dominic Walsh examines each party’s Brexit policies and the key issues and questions that arise from them.

Facing the Future...find out more