April 23
2021
Trajan Shipley
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8th April 2021
Banking & Finance

ESMA publishes annual peer review of EU CCP supervision

The European Securities and Markets Authority (ESMA) has published its annual peer review report of EU Central Counterparties (CCP) supervision by National Competent Authorities (NCAs). The report found that NCAs’ supervisory activities on CCPs’ liquidity stress testing are overall satisfactory, although the assessment of some areas of liquidity stress testing was not always performed or being evidenced sufficiently.

The report is published under Article 24a EMIR and is based on a specific methodology developed for mandatory peer reviews. The report identifies several best practices and considerations to further enhance supervisory convergence with respect to CCPs’ liquidity stress testing.

Regarding the NCA’s supervisory a

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