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.
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EBA published its risk dashboard for the first quarter of 2020 together with the results of the risk assessment questionnaire.
EBA announced that the next stress testing exercise is expected to be launched at the end of January 2021 and its results are to be published at the end of July 2021.
PRA published the consultation paper CP11/20 that sets out its expectations and guidance related to auditors’ work on the matching adjustment under Solvency II.
MAS published a statement guidance on dividend distribution by banks.
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FSB published a report that reviews the progress on data collection for macro-prudential analysis and the availability and use of macro-prudential tools in Germany.
EBA issued a statement reminding financial institutions that the transition period between EU and UK will expire on December 31, 2020; this will end the possibility for the UK-based financial institutions to offer financial services to EU customers on a cross-border basis via passporting.
SRB published guidance on operational continuity in resolution and financial market infrastructure (FMI) contingency plans.