ESMA renews the mandate of the Chair and the two Independent Members of the CCP Supervisory Committee
The European Securities and Markets Authority (ESMA), the EU’s financial markets regulator and supervisor, has renewed the mandates of Klaus Löber as Chair of the Central Counterparties (CCP) Supervisory Committee and Nicoletta Giusto and Froukelien Wendt as Independent Members.
These renewals ensure continuity in carrying out ESMA’s mandate in the area of CCPs, supporting ESMA’s mission to safeguard financial stability.
The renewed mandates will be effective as of 1 December for a 5-year period.
The CCP Supervisory Committee (CCP SC) plays a key role for both EU CCPs and third-country CCPs that have been recognised under EMIR. The CCP SC ensures consistent application of supervisory standards, fosters supervisory convergence among EU National Competent Authorities (NCAs), monitors or supervises third-country CCPs, as appropriate, and contributes to the stability of the financial system by addressing risks linked to central clearing.
Further information:
Cristina Bonillo
Senior Communications Officer
press@esma.europa.eu