Regulation on colleges for central counterparties

This regulation establishes technical standards for 'colleges' of central counterparties (CCPs). These colleges are cooperation arrangements between supervisors from different countries to ensure that the risks of a CCP are monitored and managed consistently across all jurisdictions where it operates.

This primarily affects financial supervisors and the operators of central counterparties. It aims to improve financial stability by coordinating the recovery and resolution process if a major clearing house faces financial distress.