ESMA Announces Date for Issuing Results of CCP Stress Tests in EU
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
Advises U.S. and Canadian financial institutions on risk and finance integration, CCAR/DFAST stress testing, IFRS9 and CECL credit loss reserving, and credit risk practices.
Across 35 years in banking, Blake has gained deep insights into the inner working of this sector. Over the last two decades, Blake has been an Operating Committee member, leading teams and executing strategies in Credit and Enterprise Risk as well as Line of Business. His focus over this time has been primarily Commercial/Corporate with particular emphasis on CRE. Blake has spent most of his career with large and mid-size banks. Blake joined Moody’s Analytics in 2021 after leading the transformation of the credit approval and reporting process at a $25 billion bank.
Juan Manuel Licari
Dr. Juan M. Licari is a managing director at Moody's Analytics. Juan and team-members are responsible for the research and analytics that enable our quantitative solutions. The team helps our customers solve complex business problems; adding value through data and analytics.
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