Bloomberg News

U.K. Files Extra Lawsuit Against ECB on Central Clearing Rules

February 13, 2012

Feb. 13 (Bloomberg) -- The U.K. filed an additional lawsuit against the European Central Bank over its plans to block trades in some euro-denominated securities from being cleared outside of the 17 countries that share the currency.

U.K. authorities submitted a second case against the ECB at the European Union’s General Court in Luxembourg on Jan. 27, according to the court’s website.

The move follows an earlier complaint by the U.K. filed in October. The new action concerns comments made by the ECB since the original case was registered, according to the tribunal’s press service.

The Frankfurt-based ECB declined to comment on the latest lawsuit.

The case is: T-45/12 pending case, United Kingdom v. ECB.

--Editors: Peter Chapman

To contact the reporter on this story: To contact the reporters on this story: Jim Brunsden in Brussels at jbrunsden@bloomberg.net;

To contact the editor responsible for this story: Anthony Aarons at aaarons@bloomberg.net


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