ESMA announces EU-wide stress tests for CCPs

April 18, 2016

The European Securities and Markets Authority (ESMA) has announced that its first European Union-wide stress test exercise for Central Counterparties (CCPs) will be published on 29 April 2016. ESMA is mandated to conduct stress tests of CCPs under the European Markets Infrastructure Regulation (EMIR). The stress test will focus on the counterparty credit risk that CCPs would face as a result of multiple clearing member (CM) defaults and simultaneous market price shocks.

More details about the stress test can be found on the website of ESMA by clicking here. Information about AxiomSL’s approach to EU-wide stress tests is available here.