New EU rules for the recovery and resolution of Central Counterparties (CCP’s)

Today (28/11/2016) the European Commission proposed new rules to ensure that systemic market infrastructures in the financial system, known as Central Counterparties (CCPs, see, can be dealt with effectively when things go wrong.

The aim of the proposal is to ensure that the CCP’s themselves and the national authorities in the EU have the means to act decisively in crisis scenario’s. The new rules will ensure that CCPs’ critical functions are preserved while maintaining financial stability and helping to avoid the costs associated with the restructuring and the resolution of failing CCPs from falling on taxpayers.

For more information, see

Author: Karel-Jan Vandormael

Head of study program paralegal studies University College PXL Hasselt, Voluntary researcher KU Leuven and teaching assistant UHasselt, attorney

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