What impact has Brexit had so far on the UK's clearing houses?

At 10.15am the Committee will hear from:

• Daniel Maguire, Chief Executive Officer, London Clearing House (LCH) Group
• Michael Voisin, Director, Futures Industry Association (FIA).
  

Questions they are likely to be asked include:

• Have CCP jobs and activities shifted from the UK to other EU Member States since the referendum?
• What is the worst-case Brexit scenario for CCPs and how ready are they for such a scenario?
• How satisfactory is the European Commission's 12-month temporary equivalence decision for UK CCPs?
• What are the main differences between current EU authorisation and third-country recognition of a CCP?
• New EU rules will include the possibility of withdrawing recognition of third-country CCPs or specific clearing service lines. What impact would this have on the functioning of UK CCPs?
• The Chairman of the U.S. Commodity Futures Trading Commission has been openly critical of the EU's approach to third-country CCPs and even threatened to bar EU firms from the Chicago Mercantile Exchange. What could the consequences of this dispute be?
  

This evidence session will take place from 10.15am on Wednesday 13 February 2019 in Committee Room 4A of the House of Lords.