2023-06-23

Final Report on Guidelines on the Summary of Resolution Plans for Central Counterparties

The European Securities and Markets Authority (ESMA) issued final guidelines to standardize the summary of resolution plans that resolution authorities must disclose to Central Counterparties (CCPs). These guidelines establish principles for relevance and proportionality, requiring the summary to clearly distinguish between default, non-default, and combined event scenarios while providing a harmonized template. The framework aims to ensure CCPs understand key resolution strategies and their potential impact on critical functions without accessing the full confidential resolution plan.

European Union

European Securities and Markets Authority

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