Allow EEA Trading Venues To Serve UK Trades, ISDA Urges
Law360, London (April 9, 2019, 4:31 PM BST) -- The global derivatives industry body has called on Britain to allow exchanges based in the European Economic Area to serve U.K. trades, in a bid to prevent disruption to the derivatives market if the country crashes out of the EU without a deal.
The International Swaps and Derivatives Association said on Monday that it has urged HM Treasury to adopt so-called equivalence decisions for EEA trading venues. These will mean that the U.K. will deem EU-based bourses as conforming to the same stringent rules as their British equivalents.
The equivalence decisions will allow British-based traders to continue using these venues to...
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