On 4 May 2020, the FSB published a consultative document on Guidance on financial resources to support CCP resolution and on the treatment of CCP equity in resolution. The FSB received 19 responses to the public consultation.

In addition, the FSB held two virtual outreach events on the draft guidance on 25 and 30 June. Participants included representatives of CCPs, clearing members, buy-side firms, legal experts and academia as well as public authorities.

This note summarises the main points from the responses, and provides an overview of the FSB’s reaction to those comments, including changes made to the guidance.