European Union: Publication of Financial Sector Assessment Program Documentation—Detailed Assessment of Observance of the CPSS-IOSCO Principles for Financial Market Infrastructures

December 3, 2013

Preview Citation

Format: Chicago

European Union: Publication of Financial Sector Assessment Program Documentation—Detailed Assessment of Observance of the CPSS-IOSCO Principles for Financial Market Infrastructures, (USA: International Monetary Fund, 2013) accessed November 21, 2024

Summary

This paper discusses the main findings of the Detailed Assessment of Observance of the Committee on Payment and Settlement Systems–International Organization of Securities Principles for Financial Market Infrastructures (FMIs) for the European Union. Euroclear Bank’s risk framework is generally sound. Euroclear Bank should become operationally ready to fully implement plans for recovery and the orderly winding-down of operations. In anticipation of the emerging international regulatory standards and frameworks on recovery and resolution of FMIs, Euroclear Bank has developed recovery plans and plans for the orderly winding down of its operations. Important risk measures have been taken to reduce credit risk, but further improvements are needed to comply with the international standards.

Subject: Collateral, Credit, Credit risk, Currencies, Financial institutions, Financial regulation and supervision, Money, Securities

Keywords: Cash correspondent, Collateral, CR, Credit, Credit risk, Credit risk, Currencies, EB participant, Euroclear system, Financial market, Global, ISCR, Letter of credit, Management committee, Risk management, Securities

Publication Details

Pages:

155
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/332
Stock No:

1EUREA2013017
ISBN:

9781475513837
ISSN:

1934-7685

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