European regulators have deemed the region's clearing houses well placed to withstand potential defaults of their biggest members and other market shocks, after conducting the first market-wide stress tests of the increasingly important institutions.
On April 29, the European Securities and Markets Authority published the results of tests it undertook in 2015 on 17 EU-based clearing houses - which collectively held over €150 billion worth of collateral assets - designed to test their resiliency.
