ESMA CCP Chair delivers speech on changing clearing landscape

Article summary

The European Securities and Markets Authority (ESMA) has published a speech made by the Chair of ESMA’s Central Counterparties (CCP) Supervisory Committee, Klaus Löber, on CCP risk management. The speech was delivered at the Third Annual Joint Conference of the Deutsche Bundesbank, European Central Bank and Federal Reserve Bank of Chicago. The speech considers recent structural changes in the CCP landscape, as well as upcoming changes and challenges, including the post-Brexit landscape and market fragmentation and technological developments.