Written question asked by Lord Myners (Crossbench) on Tuesday, 3 May 2016, in the House of Lords. It was due for an answer on Tuesday, 17 May 2016. It was answered by Lord O'Neill of Gatley (Conservative) on Wednesday, 11 May 2016 on behalf of the Treasury.
London Stock Exchange: Deutsche Borse
- Question
-
To ask Her Majesty’s Government, further to the Written Answers by Lord O’Neill of Gatley on 26 April (HL7583 and HL7584), what assessment they have made of whether the same collateral could be used to support risk at both LCH and Eurex.
- Answer
-
I refer the noble Lord to my previous answers of 26 April (HL7583 and HL7780) which noted that, once notified of the merger, the Bank of England and Financial Conduct Authority would assess the proposal from a regulatory standpoint, and that it would also be subject to assessments and approvals by the competition authorities, overseas regulators, and shareholders.
My previous answers further noted that any inter central counterparty links would need to be assessed against the relevant parts of European Market Infrastructure Regulation (EMIR) by the Bank of England, as supervisor of LCH.
Secondary information
- Type
- Written question
- Reference
- HL8141
- Session
- 2015-16
- Related items
- Grouped for answer
- Yes
- Subjects
- Mergers Deutsche Borse London Stock Exchange LCH Eurex
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2023-06-20 18:26:48 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/lords/2015-16/HL8141
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/lords/2015-16/HL8141
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/lords/2015-16/HL8141