The press release issued by HM Treasury on 19 September 2001.

NEW EUROPEAN CLEARING HOUSE TO BE IN LONDON

The Treasury has given a new European clearing house leave to locate in London. European Central Counterparty Limited (EuroCCP) will clear for the new pan-European Nasdaq Europe market.  Economic Secretary Ruth Kelly has given leave for EuroCCP to be recognised as a clearing house.

Ruth Kelly said:

“I welcome the addition of EuroCCP to the list of UK Recognised Clearing Houses.  The decision to set up EuroCCP in London is a clear vote of confidence in our financial regulatory system and in London as a place to do business.”