Open on EUR-Lex ↗

Recital 56

Recital 56

(56)In relation to the validation by competent authorities and ESMA of significant changes to models and parameters adopted to calculate a CCP's margin requirements, default fund contributions, collateral requirements, and other risk-control mechanisms, procedural aspects and the interplay of that validation with the college decision should be clarified. The preliminary adoption of a significant change to the models or parameters should be possible where needed, especially where their swift change is necessary to ensure the soundness of the CCP's risk management.

Official text · the act as publishedFrom the act as published (consolidated texts do not carry recitals or the preamble). Open full page ↗
6 queries · page built in 3 msInventory f82bbfa3