ESMA publishes Guidelines to harmonise CCP supervisory reviews and evaluation under EMIR

The guidelines address common procedures and methodologies for the review of arrangements, strategies, processes and mechanisms implemented by CCPs.

Metadata
Provider: 
ESMAESMA
URL: 
https://www.esma.europa.eu/press-news/esma-news/esma-publishes-guidelines-harmonise-ccp-supervisory-reviews-and-evaluationhttps://www.esma.europa.eu/press-news/esma-news/esma-publishes-guidelines-harmonise-ccp-supervisory-reviews-and-evaluation
Retrieved on: 
Wednesday, February 24, 2021
Information
Tags: 
Systemic risk, Articles, Corporate law, European Market Infrastructure Regulation, Financial regulation, Evaluation, Security, Computer security
Summary
Key Points: 
  • The guidelines address common procedures and methodologies for the review of arrangements, strategies, processes and mechanisms implemented by CCPs.
  • This includes the evaluation of risks, covering requirements for CCPs to address financial, organisational, operational, and prudential risks as laid down in EMIR.
  • The objective of these guidelines is to ensure consistency in format, frequency, and depth of CCP supervisory reviews and evaluation processes.
  • In particular, they cover review and evaluation of:

    Next steps

    The Guidelines will be translated in the official EU languages and published on ESMAs website.

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