Page 29 - 期货和衍生品行业监管动态（2023年6月刊）

期货和衍生品行业监管动态

Market Stress Scenarios

The resilience of CCPs is tested under stress scenarios reflecting extreme but
plausible market conditions. The European Central Bank (ECB), in close collaboration

with the ESRB and ESMA, developed a new adverse market scenario, including a

macro-economic narrative and adverse market shocks.

ESMA will also carry out an analysis of CCPs’ resources and participants.

Next steps

The data submitted by the reporting entities will first be validated by ESMA and

the NCAs and later analysed. The results are scheduled to be published in a final report

in H2 2024.

ESMA periodically assesses the resilience and safety of authorised EU and Tier 2

Third Country CCPs to adverse market developments with the aim of identifying any

potential shortcomings in their set-up/risk management.

https://www.esma.europa.eu/press-news/esma-news/esma-launches-fifth-stress-test-
exercise-central-counterparties

9. 欧盟证券与市场管理局发起适当性和产品管理中可持续性相关证据征集

（2023 年 6 月 16 日）

欧盟证券与市场管理局（ESMA，欧盟金融市场与证券监管者），发起关于

将可持续性偏好纳入《欧盟金融工具市场指引 II》 （ MiFID II）下的适当性评估

和产品管理安排的证据征集。

本次证据征集的目的是收集行业反馈，这将有助于更好地了解市场演变，并

对公司如何在可持续性方面应用 MiFID 新规则提供答案。

特别是，证据征集旨在以下方面帮助 ESMA：

 更好地了解欧盟的公司如何实施与适用 MiFID II 要求，以及公司在适用

18