Financial Regulation
ESMA issues guidance on CCP crisis planning resolution tools
The European Securities and Markets Authority (ESMA) has issued new guidance on the effective use of resolution tools in Central Counterparty (CCP) crisis planning. This guidance aims to enhance the stability and resilience of the EU's financial system by ensuring that CCPs can be effectively resolved in times of crisis. It provides clearer frameworks for authorities and market participants, contributing to financial stability and protecting investors and the wider economy.
ESMA guides better crisis planning for financial clearinghouses to boost stability.