LSE CEO: 100% Behind Deutsche Boerse Transaction

The transcript discusses a transaction involving LSE and Deutsche Börse, highlighting the strategic benefits of combining complementary products and services. It addresses regulatory aspects, emphasizing that the regulatory structure will remain unchanged and there will be no merging of clearing houses. The discussion also covers the potential for regulatory approval and the competitive landscape, noting the importance of a strong European presence in the global market. The possibility of a better offer from elsewhere is acknowledged but remains uncertain.

What is one of the main benefits of the merger between the two companies?

• Decrease in product portfolio

• Reduction in global presence

• Regulatory capital and margin savings

• Increased competition in the local market

How does the merger plan to handle the clearing houses?

• By merging them into a single entity

• By maintaining separate structures with no interoperability

• By creating a new regulatory framework

• By integrating risk management frameworks

What is the stance on interoperability between the clearing houses?

• It is considered dangerous and not part of the plan

• It is a key feature of the merger

• It will be implemented gradually

• It is required by regulators

What is the focus of discussions with national regulators?

• Reduction of global competitors

• Local market dominance

• Antitrust and competition concerns

• Merging of clearing houses

Could the merger be affected by a better offer from another company?

• Yes, it is a possibility

• No, the deal is final

• It depends on market conditions

• Only if regulators approve