Central clearing Central clearing is another area in which we should continue our efforts to promote European integration. Awareness has grown within the European Union of the critical importance of “where” and “how” these clearing houses operate and, as a result, these infrastructures have been under intense scrutiny recently.
Central clearing is a global financial activity, and major currencies such as the euro, US dollar and Japanese yen are traded and cleared worldwide. It is undoubtedly an important function within the global financial system, and ensures that investors can hedge their risks by accessing liquidity in multiple currencies across a variety of markets.