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28 June 2017

BIS: Framework for supervisory stress testing of central counterparties


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The supervisory stress testing framework is designed to support tests conducted by one or more authorities that examine the potential macro-level impact of a common stress event affecting multiple CCPs.


In April 2015, the G20 finance ministers and central bank governors asked the Financial Stability Board to work with the CPMI, IOSCO, and the Basel Committee on Banking Supervision to develop and report back on a workplan for identifying and addressing any gaps and potential financial stability risks relating to CCPs that are systemic across multiple jurisdictions and for helping to enhance their resolvability. This consultative report, Framework for supervisory stress testing of central counterparties (CCPs), published today by the CPMI and IOSCO addresses one aspect of this joint CCP Workplan.

The  supervisory stress tests could help authorities better understand the scope and magnitude of the interdependencies between markets, CCPs and other entities such as participants, liquidity providers and custodians.

Published with this report is a cover note listing some of the specific issues on which the CPMI and IOSCO are soliciting input. Comments should be submitted by 22 September 2017.

Full report



© BIS - Bank for International Settlements


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