The European Securities and Markets Authority (ESMA) has published its 2017 Annual Report and 2018 Work Programme setting outs its main supervisory activities for credit rating agencies, trade repositories and third country central counterparties (CCPs) in the EU.

For third country CCPs (TC-CCPs), ESMA has identified the following priorities for 2018:

  • assessment of the 15 pending applications for recognition as TC-CCPs;
  • monitor the potential risks TC-CCPs might introduce in the EU;
  • monitoring the impacts of Brexit on the third country CCP regime; and
  • anticipation and readiness with respect to the potential changes in the scope of ESMA supervision of TC-CCPs following the current review of the applicable regulations.

View ESMA publishes 2018 work programme for CRAs, trade repositories and third country CCPs, 8 February 2018