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Bank of England set for more powers over clearing and settlement

Additional powers come as part of the UK’s ongoing financial services Brexit review

By

Jeremy Chan

The Bank could play a greater role going forward as the EU and London debate the future of clearing
The Bank could play a greater role going forward as the EU and London debate the future of clearing Photo: Richard Baker/Getty Images

The Bank of England is set to get more powers to regulate clearing and settlement houses under plans announced by the UK government on 17 January.

Central counterparties and central securities depositories are currently supervised and regulated by the Bank.

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