Treatment of concentration risk towards central counterparties and of the counterparty risk in centrally cleared derivative transactions
TA-9-2024-0349 · P9_TA(2024)0349 · PE749.905
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Parliament adopted its first-reading position on a proposed directive amending Directives 2009/65/EU, 2013/36/EU and (EU) 2019/2034 on concentration risk towards central counterparties and counterparty risk in centrally cleared derivative transactions.¶¶¶ The position corresponds to the final legislative act, Directive (EU) 2024/2994, after an agreement was reached between Parliament and Council.¶ Parliament calls on the Commission to refer the matter to it again if the Commission replaces, substantially amends or intends to substantially amend its proposal.¶
Key points
- Parliament adopts its position at first reading on the proposal for a directive amending Directives 2009/65/EU, 2013/36/EU and (EU) 2019/2034.¶¶
- The directive concerns the treatment of concentration risk arising from exposures towards central counterparties and of counterparty risk in centrally cleared derivative transactions.¶
- Parliament's position corresponds to the final legislative act, Directive (EU) 2024/2994, as an agreement was reached between Parliament and Council.¶
- Parliament calls on the Commission to refer the matter to Parliament again if it replaces, substantially amends or intends to substantially amend its proposal.¶
Who is affected
Legal basis: Article 294(2) and Article 53(1) of the Treaty on the Functioning of the European Union.¶