EU Begins Stress Testing For Securities Clearinghouses
Law360, London (April 3, 2019, 4:24 PM BST) -- Europe's top securities watchdog will be subjecting clearinghouses to a third round of resilience testing, and U.K. central counterparties won't take part if there is a no-deal Brexit, the regulator announced Wednesday.
British central counterparties will not take part in a third round of stress-testing if there is a no-deal Brexit, the European Securities and Markets Authority has said. (AP)
The European Securities and Markets Authority said that the stress tests will include a new exercise on so-called concentration risk, which defines the degree to which a bank is indebted or exposed to certain counterparties.
The simulations are designed to assess...
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