About this consultation
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
- strengthening the international role of the euro
- increasing the EU financial-market infrastructures’ (FMIs) resilience, including to extraterritorial application of third-countries’ unilateral sanctions
- 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.