In last month's announcement of its annual results for last
year, LCH Clearnet (LCH-C) said that the costs arising from
integrating its two underlying businesses had levelled off and
that it expected to be at the forefront of any further
consolidation in the clearinghouse space.
Chief executive David Hardy pointed out that the clearing
landscape remained "anything but settled," adding, "It is clear
that consolidation within the industry infrastructure is still
at the forefront of anticipated change?. It has fuelled further
debate about the desirability of further consolidation in
Europe at the clearing level, which remains very much the
aspiration of the key cross border market participants.
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