Regulatory Alerts2023-06-23
ESMA Guidelines on Standard Written Arrangements for Resolution Colleges
The European Securities and Markets Authority (ESMA) issued final guidelines establishing a template for standard written arrangements to govern the functioning of resolution colleges for central counterparties. These guidelines aim to ensure consistent, efficient, and effective supervisory practices within the European System of Financial Supervision by harmonizing cooperation procedures among resolution authorities. Competent authorities are required to notify ESMA of their compliance status within two months of publication and must incorporate these guidelines into their national frameworks to facilitate swift resolution planning and emergency coordination.
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