Derivatives clearing after Brexit

In the short term, the EU has a strong interest in ensuring that European counterparties can clear their derivatives in London even after Brexit in order to maintain financial market stability. For both cases of a hard and a soft Brexit, cep sets out which regulatory changes should be made to allow for this. In the medium term, the EU must create a centralised EU supervision of CCPs and coordinate their restructuring and settlement closely with the banking supervisory and resolution authorities of the Eurozone.