De Nederlandsche Bank (DNB), the Dutch Central Bank, has approved the Holland Clearing House, part of Intercontinental Exchange (ICE), as a central counterparty in accordance with the European Market Infrastructure Regulation (EMIR).
Under EMIR, the National Competent Authority in the CCP’s home market, in this case DNB, is responsible for authorizing the CCP to offer services in the EU. Earlier this year, DNB authorized EuroCCP.isation on December 12, 2014.
“The EMIR authorisation of Holland Clearing House confirms that we fully comply with all the required EMIR standards on risk management, operations and technology. It is an important step for Holland Clearing House, and further underpins our growth potential in the European markets,” says Joost Beckers, CEO of Holland Clearing House.
Holland Clearing House Gains EMIR Authorization
De Nederlandsche Bank (DNB), the Dutch Central Bank, has approved the Holland Clearing House, part of Intercontinental Exchange (ICE), as a central counterparty in accordance with the European Market Infrastructure Regulation (EMIR).