Page 312 - 《期货和衍生品行业监管动态》（2022年合集）

期货和衍生品行业监管动态

ESMA, on 27 June 2022, recognised, for the first time, both FICC, which is
authorised and supervised by the U.S. Securities and Exchange Commission (SEC),

and OCC, which is jointly authorised and supervised by the SEC and the U.S.

Commodity Futures Trading Commission (CFTC), as Tier 1 CCPs under Article 25 of

EMIR. This follows the European Commission’s adoption, on 4 April 2022, of the

amendments to the Commission Implementing Decision (EU) 2021/85 on the

equivalence to EMIR’s requirements of the US regulatory framework for CCPs that

are authorised and supervised by the SEC, as well as of the Commission

Implementing Decision (EU) 2022/552.

The detailed list of recognisedTC-CCPsis published on the ESMA website.

https://www.esma.europa.eu/press-news/esma-news/esma-updates-applications-recog

nition-us-based-ccps

13. 欧洲证券与市场管理局对中央对手方进行的压力测试显示清算系统具有韧

性 （2022 年 7 月 5 日）

欧洲证券与市场管理局（ESMA，欧盟证券市场的监管者）已经公布了第四

次中央对手方（CCPs）压力测试的结果，结果证实了欧盟（EU）CCPs 以及第

三国二级 CCPs 在测试情景和实施框架下应对信用风险、集中风险和运营风险的

整体韧性。然而，压力测试也发现部分 CCPs 在一些领域比如集中度和运营风险

上，可能需要加强其风险管理框架或优先考虑加强监督。

该报告主要结论包括：

 CCPs 具备充分的缓冲保护以应对持有最大风险敞口的两大清算

会员违约所引发的不利市场情形。

266
回 到 首 页 回 到 目 录