In this context I would like to draw your attention to the fact that we in Germany have already notified the Fund of our agreement to an increase in our quota in order to strengthen the financial basis of the Fund’s activities. But, of course, providing money is not enough.
Authorities responsible for several major cross-border CCPs have not yet embarked on resolution planning and no cross-border crisis management arrangements are yet in place.5 This could be because of barriers to sharing confidential information, including different approaches as to what is considered confidential and what timely. If that is true, then these barriers need to be removed.