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The European Securities and Markets Authority (ESMA), the EU’s securities markets regulator, today publishes a call for evidence on the methodology to assess climate risk with a new stress testing framework for Central Counterparties (CCPs).
The call for evidence seeks stakeholders’ views on:
Climate change and the financial risks that come with it have, in recent times, encouraged policy makers and the financial services industry to consider the integration of environmental factors into their risk frameworks.
Next steps
We invite stakeholders, in particular professionals employed by clearing service providers and their members and counterparties, trade associations representing them, as well as professionals with climate risk expertise, to provide comments by 21 April 2022.