European Union: Detailed Assessment of Implementation of the European Central Bank Observance of the CPSS-IOSCO Responsibilities of Authorities for Financial Market Infrastructure
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Summary:
This paper discusses key findings of the detailed assessment of implementation of the European Central Bank (ECB) Observance of the Committee on Payment and Settlement Systems/International Organization of Securities Commission (CPSS-IOSCO) responsibilities of authorities for financial market infrastructures. The oversight framework of the ECB is comprehensive. The ECB has developed a wide-ranging oversight policy, including quantitative and qualitative criteria to identify, monitor, and remedy any potential systemic risks related to financial market infrastructures. It has also developed oversight standards covering a broad range of infrastructures, service providers, and payment schemes within the euro area.
Series:
Country Report No. 2014/035
Subject:
Banking Bonds Central securities depositories Financial institutions Financial markets Legal support in revenue administration Payment systems PFM information systems Public financial management (PFM) Revenue administration
English
Publication Date:
February 11, 2014
ISBN/ISSN:
9781475568844/1934-7685
Stock No:
1EUREA2014001
Pages:
40
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