ESMA launches sixth stress test for Central Counterparties (CCPs) to assess resilience
ESMA has launched its sixth stress test exercise for Central Counterparties (CCPs), involving 16 CCPs and an adverse scenario from the ESRB, to assess their resilience and the impact of recovery and resolution arrangements.
— esma
ESMA's sixth stress test for CCPs, including an adverse scenario from the ESRB and the recovery and resolution component, underscores the critical importance of market infrastructure resilience. European authorities are increasing systemic monitoring, placing additional pressure on market participants and intermediaries to enhance risk management and governance frameworks, given the central role of CCPs in financial stability.