ESMA Guidelines and Recommendations

ESMA publishes results of the second EU-wide CCP stress test

ESMA Guidelines and Recommendations

Date: 16 February 2018

On 2 February 2018, the European Securities and Markets Authority (ESMA) published the results of its second EU-wide stress test exercise regarding Central Counterparties (CCPs) established in the European Union (EU). 

The CCP stress test assesses the resilience and safety of the EU CCP industry and helps to identify possible vulnerabilities. The results of the second EU-wide stress test show that overall the system of EU CCPs is resilient to multiple clearing member (CM) defaults and extreme market shocks. In addition, the report also highlights individual CCP-specific results.

 

ESMA has also published a Press Release and a Question and Answers (Q&A) document regarding its second CCP stress test.