British central bank said it has not yet reached decision on ICE Clear Europe
The Bank of England has chosen not to
approve London-based ICE Clear Europe to operate under new
European rules amid fears the authorisation would hamper ICE in
its battle with US rivals, leaving the ICE clearing house as
the last major European player that has not been approved.
A spokesman for the
Bank of England told FOW: "The Bank has not yet reached a
decision on ICE Clear Europe’s (ICEU) application
for Emir authorisation."
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