On 4 and 5 June, the CNMV’s Barcelona office hosted a meeting of the fmiCBCM (Cross-border Crisis Management Group for FMIs) of the Financial Stability Board (FSB), which was co-chaired by the CNMV from May 2020 until this year. The meeting took the form of a technical workshop focused on the resolution of central counterparties (CCPs), addressing key issues such as the operationalisation of the resolution process, the use of tools such as cash calls, and the definition of crisis scenarios.

The event brought together around forty representatives from leading resolution and financial supervisory authorities worldwide, including the European Commission, ECB, SRB, ESMA, IMF, SEC, the Federal Reserve, FDIC, and authorities from Brazil, Canada, Singapore, South Africa, Japan, Australia, Switzerland, and the United Kingdom, among others.

This in-person meeting provided an opportunity to advance the group’s technical work and to strengthen institutional cooperation and trust in an increasingly interconnected environment.