ALFI responds to the EU Commission on the consultation on the review of the central clearing framework

22 March 2022

If an EU CCP is not able to provide a sufficiently competitive offer, there is a strong likelihood that clearing would be relocated to other third-country jurisdictions, like the US.

On 22 March 2022 ALFI responded to the EU Commission on the consultation on the review of the central clearing framework

We are happy to contemplate a revisited Clearing framework in light of the European Commission’s agenda. Nevertheless, the key decision driver to choose a CCP, will always remain competitiveness, based in particular on service prices, regulatory obligations (e.g., reporting), and risks aspects. Sufficient liquidity is also an item for consideration, but as a side stake as intrinsically linked to service pricing and venue competitiveness.

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© ALFI - Association of the Luxembourg Fund Industry