February 01, 2018

ESMA announced that it plans to publish, on February 02, 2018, the results of its second EU-wide stress test exercise for central counterparties (CCPs) established in the EU. The ESMA CCP stress test assesses the resilience and safety of the CCPs in EU, using the ESMA CCP stress test framework.

In accordance with Article 21(6) of European Market Infrastructure Regulation (EMIR: Regulation (EU) No 648/2012), ESMA shall, at least annually, initiate, and coordinate Union-wide assessments of the resilience of CCPs to adverse market developments. CCPs are systemically important and ensuring their resilience is critical to achieve the stability of the financial system. CCPs were set up to reduce systemic risk stemming from the bilateral relationships.

 

Related Link: Press Release

Keywords: Europe, Securities, EMIR, CCP, EU-wide Stress Test, Systemic Risk, ESMA

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