ESMA designs new CCP stress tests with concentration focus
The European Securities and Markets Authority has launched a fresh round of stress tests for EU central counterparty clearing houses. It will include a new component to measure the cost of liquidating concentrated positions. ESMA said UK CCPs would be excluded from the exercise in the event of a no-deal Brexit.
Unlock this article.
The content you are trying to view is exclusive to our subscribers.
To unlock this article: