Page 45 - 期货和衍生品行业监管动态（2025年6月）

期货和衍生品行业监管动态

The briefing, developed by ESMA's CCP Resolution Committee, provides a

methodology to be considered by NRAs when including the resolution cash call in

CCP resolution plans.

NRAs should define the relevant data to be collected by the CCP, with a view to

calibrate the resources available through a cash call. In doing so, NRAs should take

into account the impact on relevant stakeholders, such as clearing members, financial

markets and financial market infrastructures. Finally, NRAs should ensure that

appropriate processes are in place for executing the cash calls, and that their

effectiveness is tested through dry-runs.

This briefing supports NRAs in enhancing their preparedness for implementing a

resolution cash call. By promoting consistent practices across jurisdictions, it fosters

effective financial markets and financial stability—a strategic priority for ESMA.

https://www.esma.europa.eu/press-news/esma-news/esma-provides-guidance-key-tool

-ccp-resolution

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