Regulatory Alerts2024-10-03 | NBB_2024_14Added · Updated
NBB Circular 2024_14 / ESMA Guidelines on the resolution of central counterparties
The National Bank of Belgium integrates ESMA guidelines on the resolution of central counterparties into its supervisory practice for CCPs established in Belgium. These guidelines specify requirements for cooperation agreements with third-country authorities, the functioning of resolution colleges, valuation methods prior to termination, criteria for determining CCP failure, resolvability assessments, and the content of resolution plan summaries. The circular applies to approved and recognized Belgian central counterparties under Regulation (EU) No 648/2012.
Topics
Share