On April 14, 2016, the ESMA announced it will publish its first EU-wide stress tests for EU Central Counterparties. Under the European Markets Infrastructure Regulation ESMA is mandated to conduct stress tests for CCPs. The stress test will evaluate the resilience and safety of the European CCP sector and identify any vulnerabilities. The focus of the exercise is to test counterparty credit risk that CCPs would face in the event of multiple clearing member default combined with simultaneous market price shocks. The results of the stress test will be published on an anonymized and aggregated basis on April 29, 2016.
The announcement is available at: https://www.esma.europa.eu/sites/default/files/library/2016- 625_esma_announces_eu-wide_stress_tests_for_ccps_1.pdf