ESMA will publish the results of its first EU-wide stress test exercise on Central Counterparties (CCPs), mandated under the European Markets Infrastructure Regulation (EMIR), on 29 April. The stress test assesses the resilience and safety of the European CCP sector and aims to identify possible vulnerabilities by exposing them to adverse market scenarios. ESMA’s stress test focuses on the counterparty credit risk that CCPs would face as a result of multiple clearing member defaults and simultaneous market price shocks. (Source: ESMA announces EU-wide stress tests for CCPs)