Deutsche Boerse's derivatives division stepped up efforts to attract a bigger slice of multi-trillion euro derivatives clearing from London to its base in Frankfurt ahead of anticipated European Union legislation
Bull and bear symbols are seen in front of the German stock exchange in Frankfurt, Germany, February 12, 2019. REUTERS/Kai Pfaffenbachderivatives division stepped up efforts on Tuesday to attract a bigger slice of multi-trillion euro derivatives clearing from London to its base in Frankfurt ahead of anticipated European Union legislation.for euro derivatives clearing since Brexit to the bloc's need to wean itself off Russian energy.
Based on Eurex’s current eligible client base, the incentive pool is worth up to 25 million euros, it said. Derivatives industry officials expect the EU draft law to include forcing EU market participants to have an "active" account with a clearing house in the bloc, with perhaps minimum volume requirements.should be made to clear their swap trades inside the EU from June 2023 to further boost volumes. Banking regulators in the EU could use existing powers to force banks to hold more capital on exposures to clearers in based in London.
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