The European Banking Authority (EBA) has published final draft implementing technical standards (ITS), on the hypothetical capital of a central counterparty (CCP) under articles 50a, 50c and 89(5a) of the European Market Infrastructure Regulation (EMIR), as amended by article 520 of the Capital Requirements Regulation. These final draft ITS specify:

  • the frequency and the template for the information that a CCP has to deliver to all the credit institutions and investment firms that are clearing members, as well as to the EU national regulatory authorities;
  • two stress situations under which, following the default of one of the members, EU national regulatory authorities may set higher frequency of reporting; and
  • an initial phase-in period intended to mitigate the most demanding aspects of these provisions during the first year of implementation.

View EBA final draft implementing technical standards on the hypothetical capital of a central counterparty under articles 50a, 50c and 89(5a) of Regulation (EU) No 648/2012, as amended by Article 520 of Regulation (EU) No 575/2013, 19 December 2013

View EBA publishes final draft technical standards on the reporting of the hypothetical capital of a central counterparty, 19 December 2013