- Nineteen prisoners use cutlery to break out of cells at Winchester prison
- France wants progress in Ukraine before Russia returns to G7
- Italy president begins talks to seek way out of government crisis
- Italian PM expected to resign as political chaos deepens
- Russia says US cruise missile test ‘regrettable’
- Kremlin - No date set for Normandy talks on Ukraine despite Macron meeting
- Egypt court hands out 6 death sentences on terror charges
- Putin says Russian nuclear explosion poses no threat
- Russian panel eyes alleged foreign interference in protests
- Gran Canaria wildfire triggers evacuation of thousands of people
- PM Johnson calls on Germany and France to compromise on Brexit
- Sudan's ex-president Bashir arrives at corruption trial
TEHRAN, February 2 -The European Union’s overall system of clearing houses for securities remained resilient for extreme, simulated market shocks, the bloc’s securities watchdog said on Friday.
TEHRAN, Young Journalists Club (YJC) -The European Union’s overall system of clearing houses for securities remained resilient for extreme, simulated market shocks, the bloc’s securities watchdog said on Friday.
The results of the second EU-wide stress test showed the system could cope with several users of clearing houses defaulting at the same time coupled with extreme market shocks, the European Securities and Markets Authority (ESMA) said in a statement.
On an individual basis, Spain’s BME Clearing showed a minor shortfall of required pre-funded resources under one aspect of the test, ESMA said.
ICE Clear Europe’s pre-funded resources would be enough, but these would only marginally cover the simulated stress losses, ESMA added.
Clearing houses are backed by pre-funded default funds and stand between two sides of a stock, bond or derivatives trade, ensuring its completion even if one side of the transaction goes bust.
Source: Reuters
Your Comment