(19)Consequently, and as stressed in the Communication on ‘fostering openness, strength and resilience’ 9 , exposures to UK CCPs that are systemically important for the Union, in particular OTC derivative exposures that are denominated in euro and other Union currencies, should continue to be reduced.
Recital 19
- 9 Communication from the Commission to the European Parliament, the Council, The European Central Bank, the European Economic and Social Committee, the Committee of the Regions of 19 January 2021, ‘The European economic and financial system: fostering openness, strength and resilience’ (COM(2021) 32 final). ↩