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On 7 December 2022, the European Commission made two proposals to amend EU legislation on derivative markets. The objective is to reduce the excessive and concentrated exposure of EU financial institutions to third-country central counterparties (CCPs). CCPs are clearing platforms that mitigate counterparty risks on derivative instruments by demanding collateral. Among other things, the proposals would require EU financial institutions to retain a portion of mandatory CCP derivative trading, to be handled through EU CCPs. The regulations would also grant other non-banking institutions further access to EU CCPs. The proposals seek to establish additional controls over third-country CCPs posing systemic risks, while making EU CCPs more attractive. In 合法博彩网站, the Committee on Economic and Monetary Affairs (ECON) is responsible for the files. The rapporteur is Danuta H眉bner (EPP, Poland); she tabled her draft reports in June 2023. The Council adopted its mandate in December 2023 and the co-legislators reached a provisional agreement on 7 February 2024. Third edition. The 'EU Legislation in Progress' briefings are updated at key stages throughout the legislative procedure.