Therefore, we should do more to improve the attractiveness of the access models in general. Talking about new risks that CCPs (Central Counterparties) need to consider going forward, climate change risks have become increasingly important. While climate effects are becoming more and more visible, global efforts to tackle climate change risks are also on the rise.
Commodity CCPs (Central Counterparties) have been primarily affected by recent developments like the spikes in energy prices and market volatility in the context of current tensions between Russia and Ukraine, which challenged CCPs (Central Counterparties)’ stress test models significantly. Despite the high levels of market turmoil, CCPs’ risk models appear to have performed well on the whole.