In March the EC said US central counterparties have an equivalent regime
SIX Securities Services has said that its
clearing arm – SIX x-clear Ltd – has been
recognised as a third-country clearing house under new European
regulatory regime, Emir.
Thomas Zeeb, division chief executive
officer of SIX Securities Services, said: "This is excellent
news. Though this decision has taken a long time to come
through, it vindicates our position that our risk-models, our
processes and our ability to provide competitive services
across Europe are amongst the best available."
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