About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

McCreevy Adds His Voice to Debate on CDS Clearing Counterparty

Subscribe to our newsletter

Originally appeared in MiFID Monitor

European Union internal markets commissioner Charlie McCreevy has added his two pennies worth to the debate on the introduction of a clearing counterparty for the credit default swap (CDS) market by urging European players to get involved. McCreevy is concerned that Europe may be left behind in the race to set up a clearing body, as US players including CME Group and the Clearing Corporation up the ante.

Although European players such as Eurex and Liffe have indicated they will introduce offerings in the CDS market, McCreevy urged them to produce more “concrete” plans before the end of the year. He is concerned that the risk associated with these OTC derivatives should not be concentrated in the US market.

Liffe, the derivatives arm of NYSE Euronext, is collaborating with its clearer, LCH.Clearnet, on the launch of a service called Bclear in the fourth quarter of this year. Eurex, the derivatives arm of Deutsche Börse, has said its credit derivatives clearing solution will be available in the first quarter of next year.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Best Practices for Managing Trade Surveillance

The surge in trading volumes combined with the emergence of new digital financial assets and geopolitical events have added layers of complexity to market activities. Traditional surveillance methods often struggle to keep pace with these changes, leading to difficulties in detecting sophisticated market abuses and increased regulatory risk. To address these challenges, financial institutions are...

BLOG

APAC Data Management Leaders Revealed in Inaugural A-Team Insight Awards Introduction

A-Team Group is pleased to announce the winners of the inaugural Capital Markets Technology APAC Awards 2025. These awards celebrate the technology providers and financial institutions at the forefront of innovation across the Asia Pacific region. Coinciding with the announcement, we have also launched our comprehensive annual report, “The State of Capital Markets Technology in...

EVENT

Data Management Summit London

Now in its 16th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

AI in Capital Markets: Practical Insight for a Transforming Industry – Free Handbook

AI is no longer on the horizon – it’s embedded in the infrastructure of modern capital markets. But separating real impact from inflated promises requires a grounded, practical understanding. The AI in Capital Markets Handbook 2025 provides exactly that. Designed for data-driven professionals across the trade life-cycle, compliance, infrastructure, and strategy, this handbook goes beyond...