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Eurex Clearing successfully passes EU-wide stress test

Release date: 02 Feb 2018 | Eurex Clearing

Eurex Clearing successfully passes EU-wide stress test

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Thomas Laux, Member of the Executive Board and
Chief Risk Officer at Eurex Clearing

Eurex Clearing has successfully passed the second EU-wide stress test conducted by the European Securities and Markets Authority (ESMA). Objective of this exercise is an assessment of central counterparties’ resilience in stressed market conditions. “The stress test is an important contribution to ensuring financial stability in Europe, given the important role of central counterparties“, says Thomas Laux, Chief Risk Officer at Eurex Clearing.

ESMA put the focus of the test on credit risk as well as associated liquidity risk that EU CCPs would face under different stressed market environments. Eurex Clearing passed the test in both categories.

This shows once again that our CCP offers stability to its clearing community and to the markets in general, even under stressed conditions“, adds Laux.

„The tests proved both the robustness of our lines of defense and a strong liquidity management. Receiving a neutral confirmation of our sound and appropriate risk and stress testing framework is a well appreciated reward for our work.”