It is a great pleasure for me to introduce the next panel discussion, which is entitled “a changing clearing landscape”. I would like to thank the organisers of the event for including such a timely and forward-looking topic on the agenda. As we can all witness, the landscape in which CCPs operate is continuously evolving. A number of changes are reshaping and remodelling the CCP ecosystem, bringing new opportunities and challenges. Since the financial crisis first started in 2008, CCPs have extended their services across markets, expanded their participant basis through direct or indirect access arrangements, and ... (full story)