Recital 18

(18)Under the current framework, ESMA receives transaction data under Regulation (EU) No 648/2012 and Regulation (EU) 2015/2365 of the European Parliament and of the Council ¹¹ , which provide a Union-wide view on markets but not on CCPs’ risk management. ESMA should, therefore, in addition to such data, require timely and reliable information on CCPs’ activities and practices to fulfil its financial stability mandate. Accordingly, a formal reporting requirement regarding CCP risk management data by Union CCPs to ESMA should be introduced. The introduction of such a requirement would also help to further strengthen standardisation and comparability across data and ensure that data are delivered periodically.