Central Counterparties (CCPs) were shown to be resilient to counterparty risk
The European Securities and Markets
Authority (Esma) has concluded the EU’s clearing
houses are resilient and well equipped to face counterparty
Esma published the results of its
first EU-wide Central Counterparties stress test on Friday.
The exercise examined the resilience and
safety of the European central counterparty (CCP) sector as
well as to identify possible vulnerabilities. The results
showed that the system of EU CCPs is resilient to the stress
scenarios used to model extreme but plausible market
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