It is also conceivable, for example, that US CCPs, too, will benefit to a greater extent from changes in the derivatives market following Brexit.
If EU market participants use the latitude they have to rely more and more on US CCPs, the EU needs to be able to react appropriately for the purposes of achieving sufficient supervisory control and avoiding risks to its financial system. EMIR does not currently have this flexibility, so all the more reason to ensure its implementation in EMIR2.