View the Standard
New standard aims to ensure that resolution authorities have ready access to a set of resolution-specific financial resources and tools, as well as any unused recovery resources, to support the orderly resolution of a central counterparty (CCP) and make their approach transparent to calibrating one or more of these resolution-specific resources.
Standard requires that adequate liquidity, loss-absorbing, and recapitalisation resources and tools are available to maintain the continuity of a CCP’s critical functions and mitigate adverse effects on financial stability should resolution become necessary.