On basis of Eurex Clearings license as a CCP under EMIR, Eurex Clearing has to comply with the Regulation (EU) 2021/23 (CCP RRR) on a framework for the recovery and resolution of central counterparties, which entered into force on 11 February 2021, with most of its provisions applying from 12 August 2022. As the CCP RRR is effective, the EU rules supersede the former national rules.
On 14 August 2020 the Financial Stability Board (FSB) published a questionnaire for gathering information about continuity of access to financial market infrastructures (FMIs) for firms in resolution. Continued access to FMIs during and post-resolution is a key objective for an effective resolution scheme. Eurex Clearing, as one of the leading global CCPs, is fully aware of its role in the financial markets and the responsibility that comes along with it – including during the resolution of a Clearing Member. In this vein, Eurex Clearing has responded the FSB questionnaire to inform firms that make use of Eurex Clearing’s services and their resolution authorities which actions Eurex Clearing can take prior and during the resolution of a Clearing Member, and how Eurex Clearing can support continued access to during resolution.
For ECAGs response to the FSB questionnaire on continued access to CPMIs please visit: Regulatory standards.