ESMA launches Fifth Stress Test Exercise for Central Counterparties
ESMA Guidelines and Recommendations
Date:
03 July 2023
On 31 May 2023, the European Securities and Markets Authority (ESMA) launched its
fifth Stress Test Exercise for Central Counterparties (CCPs) under the European Markets Infrastructure Regulation (EMIR). The CCP Stress Test framework is complemented by an adverse market scenario provided by the European Systemic Risk Board (ESRB).