Regulatory Alerts2026-04-30
Final Report on the Framework for the 6th ESMA Stress Test Exercise for Central Counterparties
The European Securities and Markets Authority (ESMA) issued this final report establishing the framework for the 6th stress test exercise covering 16 EU and Tier 2 Central Counterparties. The exercise introduces a new recovery and resolution component while assessing credit and concentration risks, including sponsored clearing and porting impacts, under severe market stress scenarios designed by the ESRB. ESMA mandates CCPs to report data at the account level to evaluate their resilience to member defaults and systemic shocks, with results intended to inform supervisory recommendations on financial stability.
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