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Conservatives Take CCPs to Heart After UK/EU Split

By Michael Watt
Published January 4 2012 Risk Magazine

David Cameron's demand for the UK to be exempt from an ECB policy on clearing houses helped prompt last month's split with the EU -- and is earning applause from eurosceptic Conservatives. In one month of this month's surprising developments, a European Central Bank (ECB) policy document on clearing houses has become a political cause ceiebre in the UK

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