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ESMA withdraws third-country recognition from UAE CCPs
26 July 2023 EU
Reporter: Bob Currie

The European Commission has highlighted “strategic deficiencies” in the UAE’s anti-money laundering and counter financing of terrorism regime and added the jurisdiction to its list of high-risk countries on 16 March 2023

EFAMA panel: Mandatory active accounts for EU clearing could increase systematic risk
30 June 2023 Belgium
Reporter: Klea Neza

Some buy-side experts concerned that mandatory active accounts for EU clearing could increase systematic risk

ESMA releases its fifth CCP stress testing exercise
01 June 2023 EU, UK
Reporter: Bob Currie

In line with ESMA’s legal mandate under EMIR, this exercise will assess the resilience of CCPs to adverse market shocks and the danger that failure of a CCP or clearing member can propagate risk across the financial system

BoE and CFTC continue CCP supervision agreement
20 April 2023 UK/US
Reporter: Lucy Carter

The Bank of England and Commodity Futures Trading Commission have released a joint statement on the supervision of cross-border central counterparties, continuing the longstanding cooperation on the subject

EACH establishes Women in Clearing Network
09 March 2023 EU
Reporter: AST

This group, promoted by the European Association of Clearing Houses, provides a forum for discussion and development by connecting women in the CCP-clearing world and is open to all women with a professional interest in clearing activities

BoE issues guidance on outsourcing and third-party risk management for CCPs
09 February 2023 UK
Reporter: Bob Currie

The Bank of England’s supervisory statement specifies how CCPs should meet their regulatory requirements for outsourced services, with a compliance deadline set for 9 February 2024

Cboe Clear Europe granted permanent recognition as non-UK CCP
13 January 2023 UK
Reporter: AST

The Amsterdam-based clearing house reports that it is the first non-UK CCP to be granted permanent recognition by the Bank of England, having been a participant in the UK’s Temporary Recognition Regime from 2020

ESMA withdraws third-country recognition from six Indian CCPs
02 November 2022 EU
Reporter: Bob Currie

European securities market regulator concludes that cumulative conditions for recognising these third-country CCPs under EMIR have not been met since no cooperation agreements have been established with the relevant Indian market authorities

ESMA consults on cash penalty procedures under CSDR
12 July 2022 EU
Reporter: AST

The EU securities market regulator has launched a consultation to assess industry reaction to proposed changes to cash penalty procedures under the Central Securities Depositories Regulation

FIA Tech launches Cash and Collateral reference data service
06 July 2022 US
Reporter: Jenna Lomax

Technology provider FIA Tech has launched the FIA Tech Cash and Collateral reference data service, a globally collated data set

Trading Technologies International becomes second ISV to join FIA Tech Databank Network
22 June 2022 US
Reporter: Jenna Lomax

The initiative unifies reference data from more than 80 exchanges and central counterparties, independent software vendors and data vendors such as Exchange Data International and Factset

Ringing the bell for IWD
09 March 2022 UK
Reporter: Jenna Lomax

The World Federation of Exchanges have seen a record 121 exchanges and central counterparties (CCPs) involved in the annual “Ring the Bell” initiative to celebrate International Women’s Day 2022, yesterday (8 March)