Recovery and Resolution Regulation for CCPs
Recovery and Resolution Regulation for Central Counterparties (CCPs)
Recovery and Resolution for CCPs is the next legislative step in implementing the G20 objectives. It will complement the high standards implemented through EMIR and confirm the CCPs' role as a neutral risk manager for financial markets.
The objective of Recovery and Resolution for CCPs is to define measures to be taken in extreme but plausible events of financial distress. The key objective is to exclude the use of public resources and increase the stability of financial markets.
The EU Commission has published the first legislative proposal in November 2016.
Recovery and Resolution: the highlighted parts of the value chain are affected