There are more Brexit-related developments, with the latest ones concerning recognition of UK CCPs. The European Securities and Markets Authority (ESMA) has earlier today announced that in the event of a no-deal Brexit, three UK central counterparties (CCPs) – LCH Limited, ICE Clear Europe Limited and LME Clear Limited – will be recognised to provide their services in the EU. ESMA explains that has made these recognition decisions in order to limit the risk of disruption in central clearing and to avoid any negative impact on the financial stability of the EU. ESMA has previously communicated that its Board of ... (full story)