Compliance with the Guidelines issued by ESMA on CCP recovery plan scenarios and indicators under Regulation (EU) 2021/23 (CCPRRR)

As the competent supervisory authorities for Italian central counterparties (CCPs), the Bank of Italy and Consob comply with the 'Guidelines on CCP recovery plan scenarios (Article 9(12) of CCPRRR)' and the 'Guidelines on CCP recovery plan indicators (Article 9(5) CCPRRR)' issued by the European Securities and Markets Authority (ESMA) by incorporating them into their supervisory practices.

The Guidelines, published on ESMA’s website in all official EU languages on March 24, aim to specify respectively the range of scenarios and the minimum list of qualitative and quantitative indicators to be taken into account by CCPs when drafting and keeping recovery plans up-to-date, and by competent authorities when assessing those same plans.

The Bank of Italy and Consob have notified ESMA of their compliance with the Guidelines pursuant to Regulation (EU) No 1095/2010.