On basis of Eurex Clearings license as a CCP und EMIR, Eurex Clearing needs to comply with the German act on recovery and resolution (SAG) and its CCP specifics. Additionally, on 22 January 2021 the European Recovery & Resolution Regulation for CCPs (Regulation (EU) 2021/23 (CCP RR)) was published in the Official Journal of the European Union and entered into force in February 2021. Eurex Clearing has to also comply with the European regulation.
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.