ARTICLE
2 March 2017

European Securities And Markets Authority Announces Details Of 2017 EU-Wide CCP Stress Test

AO
A&O Shearman

Contributor

A&O Shearman was formed in 2024 via the merger of two historic firms, Allen & Overy and Shearman & Sterling. With nearly 4,000 lawyers globally, we are equally fluent in English law, U.S. law and the laws of the world’s most dynamic markets. This combination creates a new kind of law firm, one built to achieve unparalleled outcomes for our clients on their most complex, multijurisdictional matters – everywhere in the world. A firm that advises at the forefront of the forces changing the current of global business and that is unrivalled in its global strength. Our clients benefit from the collective experience of teams who work with many of the world’s most influential companies and institutions, and have a history of precedent-setting innovations. Together our lawyers advise more than a third of NYSE-listed businesses, a fifth of the NASDAQ and a notable proportion of the London Stock Exchange, the Euronext, Euronext Paris and the Tokyo and Hong Kong Stock Exchanges.
On February 1, 2017, ESMA announced details of the 2017 EU-wide CCP stress test exercise. EMIR requires ESMA to conduct the exercise at least once per year to assess the resilience...
European Union Finance and Banking

On February 1, 2017, ESMA announced details of the 2017 EU-wide CCP stress test exercise. EMIR requires ESMA to conduct the exercise at least once per year to assess the resilience and safety of the EU's CCPs from a systemic risk viewpoint. The exercise covers 17 EU CCPs and includes all products currently cleared by the CCPs. ESMA may issue recommendations to address any issues that are highlighted by the exercise. The results of the exercise are expected to be published in Q4 2017.

The ESMA's announcement and framework methodology is available at: https://www.esma.europa.eu/pressnews/esma-news/esma-announces-details-2017-ccp-stress-test .

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

Mondaq uses cookies on this website. By using our website you agree to our use of cookies as set out in our Privacy Policy.

Learn More