Speaking at London's derivatives week last week, Chicago
Mercantile Exchange (CME)'s CEO Craig Donohue said that a
single monopoly CCP across Europe was a "ruinously poor
He said it was "hard to imagine how? [it would] create
competition and promote innovation to grow the market and bring
benefits to users".
Other speakers on the panel echoed Donohue's view. Eurex CEO
Andreas Preuss said that it was "clear that there is no such
thing as a monolithic fully integrated clearinghouse. You have
integrated and modular elements because catering to a variety
of different constituencies [entails] different needs."
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