๐ ๏ธ #ICYMI | ESMA launched its #StressTest Exercise for #CCPs. We examined core risk categories and took a closer look at the impact of a possible spill over of risks to financial markets.
๐ New? Inclusion of climate risk
๐ข 14 ๐ช๐บ CCPs authorised + 2 ๐ฌ๐ง
๐ฆ๐: https://n.respublicae.eu/ESMAComms/status/1666742637204852737
๐ฌ #ESMA launches the fifth #StressTest Exercise for #CCPs. It examines core risk categories and takes a closer look at the impact of a possible spill over of risks to financial markets.
๐ New? Inclusion of climate risk
๐ข CCPs: 14 ๐ช๐บ authorised + 2 ๐ฌ๐ง
๐ฆ๐: https://n.respublicae.eu/ESMAComms/status/1663931155509379073
Today in the @EP_Economics meeting we'll exchange views with @Lagarde on the @ecb #monetarypolicy and on the @ESRBofficial on the current economic situation. We'll discuss #CCPs and the EU clearing reform, as well as #SVB, #CS and the latest developments in the banking sector.
๐ฆ๐: https://n.respublicae.eu/danutahuebner/status/1637808449848262665
#MonetaryPolicy #CCPs #svb #cs
๐ข #ESMAjobs | We are looking for different profiles in the #CCPs Directorate, Trading Unit and the newly established #SustainableFinanceEU Unit.
โฐ Check the January deadlines and join our growing team in Paris โ https://bit.ly/3ZtRmwI
CC: @EU_Careers
๐ฆ๐: https://n.respublicae.eu/ESMAComms/status/1618204633901449216
#ESMAjobs #CCPs #SustainableFinanceEU
#ESMAjobs | Last day to apply โฐ
๐ผ Positions out for grab: Team Leaders in the #CCPs Directorate and Senior Officer #PostTrading โ https://esmacareers.adequasys.com/?f%25255B0%25255D=im_field_document_type%3A57%E2%80%8B
Don't miss your chance to contribute to enhancing investor protection and promoting orderly and stable financial markets.
๐ฆ๐: https://n.respublicae.eu/ESMAComms/status/1614938564873035776
๐ข #ESMAjobs | We are looking for different profiles in the #CCPs Directorate, Trading Unit and the newly established #SustainableFinanceEU Unit.
โฐ Check the January deadlines and join our growing team in Paris โ https://bit.ly/3ZtRmwI
CC: @EU_Careers
๐ฆ๐: https://n.respublicae.eu/ESMAComms/status/1613486337922850817
#ESMAjobs #CCPs #SustainableFinanceEU
Donโt miss @EU_Finance Director-General John Berriganโs latest LinkedIn post, on this weekโs proposals to help unlock the potential of ๐ช๐บ capital markets.
#CapitalMarketsUnion #CMU #CCPs #EMIR ๐
https://www.linkedin.com/posts/john-berrigan-31131778_cmu-activity-7006991451486081024-plBu?utm_source=share&utm_medium=member_desktop
๐ฆ๐: https://n.respublicae.eu/EU_Finance/status/1601228473984757762
#CapitalMarketsUnion #CMU #CCPs #EMIR
The proposed measures will help to expand the range of clearing solutions on offer from ๐ช๐บ #CCPs and enhance their liquidity 4/4 #EMIR
๐ฆ๐: https://n.respublicae.eu/EU_Finance/status/1600458045296848897
The proposal is about diversifying and modernising the clearing options that ๐ช๐บ #CCPs offer 3/4 #EMIR
๐ฆ๐: https://n.respublicae.eu/EU_Finance/status/1600457762416168961
This will reduce the risks stemming from an excessive reliance on non- ๐ช๐บ #CCPs and preserve financial stability 2/4 #EMIR
๐ฆ๐: https://n.respublicae.eu/EU_Finance/status/1600457629158936576
๐งต We aim to build a safe, robust and attractive EU clearing ecosystem, which can withstand shocks (e.g. energy crisis) 1/4 #CCPs #EMIR
โก๏ธ https://europa.eu/!N9tjFy
๐ฆ๐: https://n.respublicae.eu/EU_Finance/status/1600457542538514432
RT @EU_Finance: ๐งต We aim to build a safe, robust and attractive EU clearing ecosystem, which can withstand shocks (e.g. energy crisis) 1/4 #CCPs #EMIR
โก๏ธ https://ec.europa.eu/commission/presscorner/detail/en/qanda_22_7350
๐ฆ๐: https://n.respublicae.eu/McGuinnessEU/status/1600472489829666816
Not a โ#China expert,โ but I think this article puts important context around the current string of #ChinaProtests. The combination of #Xiโs power grab and accompanying changes in the #CCPs governance policies, with the shifting strategic focus from economic growth to domestic control and national security provide a coherent underlying link across these demonstrations.
https://reader.foreignaffairs.com/2022/11/28/xis-costly-obsession-with-security/content.html
#CCPs #xi #chinaprotests #China
Not a โChina expert,โ but I think this article puts important context around the current string of #ChinaProtests. The combination of Xiโs power grab and accompanying changes in the #CCPs governance policies, with the shifting strategic focus from economic growth to domestic control and national security provide a coherent underlying link across these demonstrations.
https://reader.foreignaffairs.com/2022/11/28/xis-costly-obsession-with-security/content.html
๐ค #ESMA recognises Shanghai Clearing House and Dubai Clear as third-country central counterparties under EMIR. โ https://europa.eu/!HjYjgY
๐๏ธ List of recognised TC #CCPs โ https://europa.eu/!bj38kH
๐ฆ๐: https://nitter.eu/ESMAComms/status/1577599583168905217
๐ข #EUHaveYourSay on the proposed rules for Central Counterpartiesโ (#CCPs) business reorganisation plans โณ 1 December โ https://europa.eu/!t3j3yw
โช๏ธ clarifications on the minimum elements to be included in the business reorganisation plans that CCPs are expected to implement.
๐ฆ๐: https://nitter.eu/ESMAComms/status/1572921198706855936
2/2 ๐ CCP peer review observations:
โช๏ธ Better clarification of risk-based approach in remote access
โช๏ธ Better clarification of #CCPs risk-based scope of penetration testing and remote access risks
โช๏ธ Improve Business Continuity Management plans
๐ฆ๐: https://nitter.eu/ESMAComms/status/1549339023583461377
Updated โ Way forward for 3rd country #CCPs whose applications for recognition were suspended until 28 June 2022 โ http://europa.eu/!V9J4Tk
โ ๐จ๐ฑ, ๐จ๐ณ, ๐ฎ๐ฉ, ๐ฎ๐ฑ & ๐ฒ๐พ โ ESMA started process for recognition
โ ๐ฆ๐ท, ๐จ๐ด, ๐ท๐บ, ๐น๐ผ, ๐น๐ญ & ๐น๐ท โ ESMA started process for refusing recognition
๐ฆ๐: https://nitter.eu/ESMAComms/status/1545417070493503494
3/3 #ESMA #CCPs #StressTest
๐CCPs remained resilient despite ๐ market volatility amid #RussiaUkraineWar
๐Differences in terms of risk sources, exposures and mitigation tools across CCPs are observed and need further assessment on individual basis
๐ฆ๐: https://nitter.eu/ESMAComms/status/1544249355556847616
#ESMA #CCPs #StressTest #RussiaUkraineWar