EU Commission to propose resolution regime for CCPs by end of 2016

Commissioner Hill has announced that the Commission intends to submit a proposal for a recovery and resolution regime for CCPs towards the end of 2016. He emphasised the importance of aligning this work with work being taken forward as part of the G20 agenda.

Commissioner Hill also indicated that the Commission is not planning to legislate on resolution and recovery plans for insurers or asset managers at this time.