About this consultation

Consultation period
30 July 2021 - 15 October 2021
Topics
Banking and financial services, Economy, finance and the euro

Target group

Largest EU's financial-market infrastructures, like central securities depositaries (CSDs), central counterparties (CCPs), trading venues and payments infrastructures.

Objective of the consultation

In order to respond to a more challenging international environment and within the broader pursuit of an open strategic autonomy in the economic and financial sector, in the Communication ‘The European economic and financial system: fostering openness, strength and resilience’ – COM(2021)32 - published on 19 January 2021, the Commission set out a wide-ranging strategy, structured under three mutually reinforcing pillars

  1. strengthening the international role of the euro
  2. increasing the EU financial-market infrastructures’ (FMIs) resilience, including to extraterritorial application of third-countries’ unilateral sanctions
  3. improving the effectiveness of the EU’s sanctions regimes

This restricted-targeted consultation seeks to gather information to better understand the critical vulnerabilities of EU’s FMIs to third-countries’ actions. This will inform the Commission for any potential follow-up measures, in order to possibly better protect the integrity of individual possibly targeted EU's financial-market infrastructures and of the EU financial system at large, while fully recognising the business case of the individual institutions.

How to submit your response

In order to ensure a fair and transparent consultation process the selected participants will have to submit them through an online questionnaire.

Reference documents

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