2023-05-03

Added · Updated

Commission Delegated Regulation (EU) 2023/1616 on regulatory technical standards for CCP resolution valuations

The European Commission adopts regulatory technical standards specifying the independence criteria for valuers, including prohibitions on statutory auditors who audited the central counterparty (CCP) in the preceding year and requirements for structural separation. The regulation mandates specific methodologies for assessing CCP assets and liabilities, requiring valuations to reflect fair, prudent, and realistic assumptions while accounting for intra-group support and interoperability arrangements. It establishes rules for calculating buffers for additional losses in provisional valuations and defines the valuation approach for applying the 'no creditor worse off' principle to ensure consistency with normal insolvency proceedings.

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Source: European Commission — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works

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