ESMA Publishes First EU CCP Stress Test Results
Posted: Sun May 01, 2016 7:49 am
The European Securities and Markets Authority (ESMA) today released the results of its first EU-wide stress test exerciseregarding Central Counterparties (CCPs). The aim of the exercise is to assess the resilience and safety of the European CCP sector as well as identifying possible vulnerabilities.
ESMA, which recently released itsFinal Report on CCP Interoperability Risks and Costs, aimed at increasing liquidity and regulatory harmonization within EU markets, said that the test results show that the system of EU CCPs can be assessed overall as resilient to the stress scenarios used to model extreme but plausible market developments.
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