AFME, Cboe, EBF, EFAMA and EPTA wrote a letter to policymakers arguing that mandatory interoperability between central counterparties (CCPs) should become a core element of the EU’s Market Integration and Supervision Package (MISP).
The signatories state that fragmentation in EU cash equities clearing creates unnecessary costs for investors and acts as a barrier to a deeper and more integrated capital market.
They acknowledge that the European Commission’s proposal to strengthen open-access provisions is positive but argue that more ambitious action is needed, including mandatory interoperability among significant CCPs for cash equities.
Source: Cboe
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