🏛️ The resolution briefing for #CentralCounterparties (#CCPs) looks at how the write-down and conversion of instruments tool (WDCI) could be operationalised in practice.
📄 link.europa.eu/qbWRDJ
Video
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https://nitter.net/ESMAComms/status/2056287739411148841#m
#ESMA has recognised 4 additional third country #CentralCounterparties from 🇲🇾, 🇹🇼, 🇨🇴, and 🇮🇱 under the European Market Infrastructure Regulation → https://europa.eu/!mYxMXm.
📄 Check the updated list of recognised TC-CCPs → https://europa.eu/!bj38kH.
🐦🔗: https://n.respublicae.eu/ESMAComms/status/1653380637045190659
Easy like Sunday morning 🥳🌴 here is an interesting listen from @EU_Finance 🤓
But how is #ESMA involved in the #CentralCounterparties arena?
🔗 https://europa.eu/!QPTFwN
RT @EU_Finance: 🎧 Podcast alert!
Don't miss our latest episode: 𝗧𝗵𝗲 𝗼𝗻𝗲 𝗮𝗯𝗼𝘂𝘁 𝗰𝗹𝗲𝗮𝗿𝗶𝗻𝗴. Jenny Robertson,
@EU_Commission's head of the Financial markets infrastructure unit, clears the air about CCPs and clearing.
🎙️ Listen now: https://open.spotify.com/episode/5LYorreZHgEONyRVgHyHjT
🐦🔗: https://n.respublicae.eu/ESMAComms/status/1642435970728443905
#CentralCounterparties | 2 Final Reports on
▪️ Guidelines on resolvability → setting out common aspects for CCPs resolution planning
▪️ Guidelines on cooperation arrangements → provisions between Members States authorities and third-country authorities
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has today published two Final Reports including guidelines on the central counterparties (CCPs) Resolution Regime under the CCP Recovery and Resolution Regulation (CCPRRR).
Six #CentralCounterparties established in India 🇮🇳 will have their recognition decisions withdrawn in accordance with #EMIR → https://europa.eu/!fGq7mk.
🚫 They will no longer be able to provide services to #clearing members and trading venues established in the EU.
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, today announces that six central counterparties (CCPs) established in India will have their recognition decisions withdrawn in accordance with the European Market Infrastructure Regulation (EMIR).
🟣 What are #ESMA's strategic objectives in relation to #CentralCounterparties [🗓️ 2023-2025]?
1⃣ Strengthening EU CCP resilience
2⃣ Addressing 3rd-country CCP cross-border risks
3⃣ Deepening risk- and data-driven supervision
RT @RiskDotNet: “For some #CentralCounterparties especially in the commodity derivative market … we see that the estimated risk is higher than the available buffers for some CCPs” – Froukelien Wendt, @ESMAComms CCP supervisory committee #ConcentrationRisk @ICE_Markets
https://t.co/LUHLhnn5fl
6⃣ Final Reports on the #CentralCounterparties set out proposals for RTS on:
▸the content of CCP resolution plans
▸#resolution colleges
▸valuation of #CCPs’ assets and liabilities in resolution
▸safeguards for clients and indirect clients
ESMA - EU Securities Markets R