The London Stock Exchange uses cookies to improve its website. The cookies for analytical purposes have already been set. For more details and how to manage cookies, please see our privacy and cookies policy.

September 2008


Response to CESR call for evidence on post-trading infrastructures 

The Exchange has responded to CESR’s call for evidence on identification of regulatory arrangements for post-trading infrastructures and advice on possible solutions in terms of bridging any potential differences in these arrangements.

We welcomed the Code of Conduct for Clearing and Settlement, and believe that it has led to many favourable outcomes as a direct consequence of the price transparency and unbundling provisions. However, experience over the last 12 months has demonstrated that implementation of the inter-operability aspects of the Code have been far from straightforward.

In addition to considering the barriers that might need to be removed, we would ask CESR to consider changes to the profile of systemic risks that are created by linking different clearing houses and their exposures to a wider, but inextricably linked, range of asset classes.

Downloads
Response to CESR on post trading infrastructures (pdffile pdf - 744 KB)

The Exchange accepts no responsibility for the content of the website you are now accessing or for any reliance placed by you or any person on the information contained on it.

By allowing this link the Exchange does not intend in any country, directly or indirectly, to solicit business or offer any securities to any person.

You will be redirected in five seconds.

You are accessing the London Stock Exchange Annual Report Service powered by PrecisionIR.

The Exchange accepts no responsibility for the content of the reports you are now accessing or for any reliance placed by you or any person on the information contained therein.

By allowing this link the Exchange does not intend in any country, directly or indirectly, to solicit business or offer any securities to any person.

You will be redirected in five seconds