BoE updates RCH rules: BoE has published its key resources for recognised clearing houses (RCH). The update includes, among other things, links to the consolidated rules for RCHs and the policy on financial penalties. BoE explains how different recognition requirements apply to RCHs that are CCPs and those that are not. (Source: BoE Updates RCH Rules)
BoE responds on CMU: BoE has responded to the Commission's paper on building the CMU. It strongly supports the initiative, and in its response it addresses the five themes which should drive CMU. It considers the impediments to union and how to address them. (Source: BoE Responds on CMU)
