Page 43 - 期货和衍生品行业监管动态（2022年7月）

期货和衍生品行业监管动态

During the time of finalisation of the exercise, Russia’s invasion of Ukraine led
to extreme market movements for instruments across the commodities and energy

markets. ESMA concludes that the ESRB scenario is overall of greater or comparable

severity for most asset classes, but of a lesser severity for some products, especially

for power and gas derivatives. ESMA, in coordination with national competent

authorities, also closely monitored the financial impacts that the invasion has had on

CCPs. Overall, ESMA notes that CCPs remained resilient during the crisis, despite

the extreme prices and increased market volatility.

Next steps

As with previous exercises, the ESMA stress test exercise for CCPs was not

aimed at assessing the compliance of the CCPs with regulatory requirements, nor at

identifying any potential deficiency of the stress testing methodology of individual
CCPs. However, in line with the EMIR mandate, where the assessments expose

shortcomings in the resilience of one or more CCPs, ESMA will issue the necessary

recommendations.

https://www.esma.europa.eu/press-news/esma-news/esma-stress-test-central-counterp

arties-finds-clearing-system-resilient

14. 欧洲证券与市场管理局就《基准条例》项下的认可规则征求意见 （2022 年

7 月 8 日）

欧洲证券与市场管理局（ESMA，欧盟证券市场的监管者）就《基准条例》

（BMR）项下的监管技术标准（RTS）修正案征求意见。拟议修正案中涵盖申请

认可的形式和内容。

对 RTS 的修改建议

ESMA 此次审议的目标是使认可申请中提供的信息与欧洲监管当局（ESAs）

审查中针对 BMR 进行的变更保持一致。它还旨在确保申请中应包含所有相关信

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