London, 27 September 2017 – The World Federation of Exchanges ("The WFE"), which represents more than 200 market infrastructure providers including exchanges and CCPs, has responded to the CPMI-IOSCO Framework for Supervisory Stress Testing ("SST") of Central Counterparties ("CCPs").

The purpose of the Framework is to guide global securities regulators as they collaborate on SSTs to observe the systemic effect of market stress on multiple CCPs across jurisdictions. The WFE has welcomed this initiative as an important tool for macro-prudential economic analysis.

CCPs have played an important role in ensuring the stability of the financial system during and since the global financial crisis. They will have an increasingly positive impact on markets as more financial instruments are centrally cleared.

In response to the consultation, the WFE made a number of points:

Nandini Sukumar, Chief Executive Officer, The WFE said: "The WFE and its members are committed to ensuring their trading and clearing environments are secure, stable and resilient. We welcome international efforts to understand the macro-prudential risks in the global economy. The WFE and its members - via its dedicated post-trade working group of CCP technologists and risk specialists - are keen to continue working with international authorities to ensure that our financial markets are empowered to finance the economy, mitigate risk and serve investors."

You can read the full WFE response here.

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About the World Federation of Exchanges (WFE):

Established in 1961, the WFE is the global industry association for exchanges and clearing houses. Headquartered in London, it represents over 200 market infrastructure providers. Members also include standalone CCPs that are not part of exchange groups.

The WFE is the definitive source for exchange-traded statistics and publishes over 300 market data indicators. Its statistics database stretches back 70 years, and provides the most definitive information and insight into developments on global exchanges. WFE exchanges are home to nearly 45,000 listed companies.

The WFE promotes the development of fair, efficient and transparent markets. It works with policy makers, regulators and standard-setters around the world to support the development of effective rules and standards for exchanges and market participants.

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For more information, please contact:

Anna Watson

Head of Communications, The World Federation of Exchanges

Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

Phone: +44 20 7151 4137 / +44 7850 287 685

Twitter: @WFE