European Commission proposes more robust supervision of Central Counterparties (CCPs) LeapRate

June 14, 2017 BY Valentina Kirilova

European Commission proposes more robust supervision of Central Counterparties (CCPs)

The European Commission is proposing targeted reforms to further improve the financial stability of the European Union. Central counterparties (CCPs) from the EU are already well regulated and equipped to deal with financial distress, thanks to a raft of measures adopted in the wake of the financial crisis. However, further reforms to ensure a more…

WFE launches new website & members’ portal

April 12, 2017 BY Valentina Kirilova

World Federation of Exchanges publishes Cyber Resilience Standards

The World Federation of Exchanges (WFE), which represents more than 200 market infrastructure providers including exchanges and CCPs, today published a set of cyber resilience standards designed to be used by WFE members, and other market infrastructure providers, to ensure alignment and common minimum standards across the global system. The standards cover eight key areas:…

February 05, 2017 BY Valentina Kirilova

ESMA publishes 2017 supervision plan for CRAs, trade repositories and third country CCPs

The European Securities and Markets Authority (ESMA) has published its Annual Report and Supervision Work Programmes setting out its main areas of supervisory focus for credit rating agencies (CRAs), trade repositories (TRs), and third country central counterparties (CCPs) in the European Union (EU). The Report also details the actions ESMA has taken in 2016 in…

November 28, 2016 BY Valentina Kirilova

Kay Swinburne: CCPs legislation must not pass on risk to European investors

Today the European Commission has released legislation concerning recovery and resolution of Central Counterparties (CCPs). Following the post-crisis G20 commitment in 2010 by Heads of Government to centrally clear derivative products, this legislation looks to address the systemic risk created by concentrating risk into clearing houses. The legislation is the result of over 3 years…

February 03, 2016 BY Mike Fox

ESMA to cooperate with South African regulators on CCPs

The Financial Services Board (FSB) of South Africa today announced it established a Memorandum of Understanding (MoU) under the European Markets Infrastructure Regulation (EMIR) with the European Securities and Markets Authority (ESMA). This MoU establishes cooperation arrangements, including the exchange of information, regarding Central Counterparties (CCPs) which are established and authorized or recognized in South Africa, and which…

August 06, 2015 BY Mike Fox

European Commission adopts new rules on central clearing for interest rate derivatives

Rules cover interest rate swaps denominated in euro, pounds sterling, Japanese yen or US dollars...

Tag: CCPs