Brussels, 02/05/2016 (Agence Europe) - The 17 central counterparties (CCP) assessed by the European Securities and Markets Authority (ESMA) are sufficiently financed to resist the default of the two largest clearing members active in several of the counterparties, according to the results of a 'stress test' carried out on these CCPs and published by ESMA on Monday 2 May.
On the basis of the 'EMIR' Regulation (648/2012) on market infrastructure, the stress test, the first of a series of...