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

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 soun...

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Bibliographic Details
Corporate Author: International Monetary Fund Monetary and Capital Markets Department
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2013
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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300 |a 155 pages 
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653 |a Payment Systems 
653 |a Credit 
653 |a Banks 
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653 |a Securities 
653 |a Industries: Financial Services 
653 |a Regimes 
653 |a Mortgages 
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653 |a Value of Firms 
653 |a Micro Finance Institutions 
653 |a Monetary Policy, Central Banking, and the Supply of Money and Credit: General 
653 |a General Financial Markets: General (includes Measurement and Data) 
653 |a Loans 
653 |a Financial instruments 
653 |a Banks and Banking 
653 |a Investments: General 
653 |a Monetary Systems 
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653 |a Investment & securities 
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520 |a 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