REG - LondonStockExGroup - Comment Re EBA Advice

Wed Sep 26, 2012 10:04am EDT

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RNS Number : 2415N
London Stock Exchange Group PLC
26 September 2012
 



26 September 2012

 

 

European BANKING Authority ADVICE TO EUROPEAN COMMISSION PUBLISHED

 

London Stock Exchange Group plc ("LSEG") notes that the European Banking Authority ("EBA") has today published the advice which it has now provided to the European Commission in connection with new technical standards for the regulatory requirements for European central counterparties ("CCPs") under the European Market and Infrastructure Regulation ("EMIR"). The announcement marks the end of the EBA consultation process on the draft technical standards.

 

The European Securities and Markets Authority ("ESMA") has also carried out a consultation process on the draft technical standards which is complementary to the EBA recommendations and it is expected that ESMA will publish its advice to the European Commission shortly.

 

Once both EBA and ESMA have published their advice, the European Commission will have a period of three months to endorse these recommendations before finalising technical standards that will govern the regulatory capital requirements for European CCPs in the future.

 

Following the publication of ESMA's advice, a further update will be provided to the market on the expected combined implications of the EBA and ESMA recommendations for LSEG.

 

Enquiries:

 

Victoria Brough

(Media)

+44 (0) 20 7797 1222

Paul Froud

(Investor Relations)

+44 (0) 20 7797 3322

 

 

Notes to editors:

 

About London Stock Exchange Group:

 

London Stock Exchange Group (LSE.L) sits at the heart of the world's financial community. The Group operates a broad range of international equity, bond and derivatives markets, including London Stock Exchange; Borsa Italiana; MTS, Europe's leading fixed income market; and Turquoise, offering UK and Russian derivatives trading, pan-European and US lit and dark equity trading. Through its markets, the Group offers international business unrivalled access to Europe's capital markets.

 

The Group is a leading developer of high performance trading platforms and capital markets software and also offers its customers around the world access and an extensive range of real-time and reference data products and market-leading post-trade services. The Group is also home to a world leading index provider FTSE, which creates and manages over 200,000 equity, bond and alternative asset class indices.

 

Headquartered in London, United Kingdom with significant operations in Italy and Sri Lanka, the Group employs around 1,900 people.

 

Further information on London Stock Exchange Group can be found at www.londonstockexchangegroup.com

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
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