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ESMA review finds good supervision of CCPs’ default management
ESMA’s peer review covered the supervision by NCAs of CCPs’ default management procedures (DMP), including how they simulate the default of a clearing member (fire drills). Overall, ESMA found that NCAs supervise DMPs adequately and that most EU CCPs have performed fire drills. However, the report also highlights the areas where divergences emerged with respect […]
ESMA issues an additional five positive opinions on national product intervention measures
The European Securities and Markets Authority (ESMA) has today issued five positive opinions on product intervention measures taken by the National Competent Authorities (NCAs) of the Czech Republic, Estonia and Slovakia. ESMA’s opinion finds that the proposed measures are justified and proportionate and that it is necessary for NCAs of other Member States to take […]
ESMA opinion under Article 43(2) MiFIR (PT_BO)
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