Successful business continuity exercise with market participants
On 17 March, Euroclear Sweden and Nasdaq hosted a theoretical exercise on business continuity with a handful of market participants.
The purpose of the exercise was to discuss the market preparedness in a scenario where the market needs to move to bilateral clearing and settlement.
During the exercise which was held in our premises at Euroclear, we and Nasdaq presented the respective steps at our end related to decisions and market communication etc. while the participants were given the opportunity to reflect on and discuss their respective actions.
- The discussions were fruitful and gave valuable insights on how we as well as our participants can further enhance market readiness, says Eric Sylvén, Head of Risk Management at Euroclear Sweden.