EuroCCP gets Emir CCP label
EuroCCP has received authorisation to act as a central counterparty (CCP) under the European Market Infrastructure Regulation (Emir).
The Dutch central bank, which regulates EuroCCP, granted the authorisation.
Diana Chan, CEO of EuroCCP, said, “Receiving authorisation under Emir is a major step for EuroCCP. It confirms to Clearing Participants, their clients and the trading platforms that EuroCCP’s risk management framework, operating model and technology meet the safety standards required by Emir.”
The authorisation means that the CCP complies with the terms of Emir including rules over risk management, governance and capital.
It is believed that EuroCCP is the first equities CCP to receive the Emir status.
The Dutch central bank, which regulates EuroCCP, granted the authorisation.
Diana Chan, CEO of EuroCCP, said, “Receiving authorisation under Emir is a major step for EuroCCP. It confirms to Clearing Participants, their clients and the trading platforms that EuroCCP’s risk management framework, operating model and technology meet the safety standards required by Emir.”
The authorisation means that the CCP complies with the terms of Emir including rules over risk management, governance and capital.
It is believed that EuroCCP is the first equities CCP to receive the Emir status.
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