On 23 February 2022, the European Securities and Markets Authority (ESMA) issued a call for evidence seeking views on:

  • A proposed classification of climate risks relevant to central counterparties (CCPs).
  • The methodology to build an EU-wide climate risk stress testing framework for CCPs.
  • How to best calibrate this stress test.
  • The current development of climate risk assessments by CCPs.

The deadline for responding to the call for evidence is 21 April 2022.

The overall objective is to proactively contribute to the assessment of the resilience of CCPs to adverse market developments, consistent with Article 24a(7b) of the European Markets Infrastructure Regulation. The information gathered through the call for evidence will be used as building blocks of a future EU-wide CCP climate stress test.