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ECB seeks greater powers to regulate clearing houses

The EU's clearing houses are at the heart of one of the most hotly-debated issues to emerge from the UK's Brexit vote

ECB seeks greater powers to regulate clearing houses

The European Central Bank wants changes made to its mandate that would give it greater oversight of clearing houses in the region - a hot-button issue for regulators and policymakers in the wake of the UK's Brexit vote.

In a statement today, the ECB outlined proposed changes to it statute to provide it with a "clear legal competence in the area of central clearing".

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