US and UK authorities agree measures to secure derivatives trading and clearing activities post-Brexit

The Bank of England, FCA and the US Commodity Futures Trading Commission (CFTC) have confirmed that they will ensure that firms will be able to continue engage in derivatives trading and clearing activities through the CCPs they regulate following the UK leaving the EU.

The announcement confirms their commitment to supporting financial stability and to ensuring that market participants can have confidence that their existing arrangements can continue, even in the event of a ‘hard’ Brexit.