Bosnia and Herzegovina Financial Sector Assessment Program-Detailed Assessment of Observance of the CPMI-IOSCO Principles for Financial Market Infrastructures

This paper discusses key findings and recommendations of the Detailed Assessment of Observance of the CPMI–IOSCO (Committee on Payments and Market Infrastructures–International Organization of Securities Commissions) Principles for Financial Market Infrastructures in Bosnia and Herzegovina. Major ac...

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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 2015
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Bosnia and Herzegovina  |b Financial Sector Assessment Program-Detailed Assessment of Observance of the CPMI-IOSCO Principles for Financial Market Infrastructures 
260 |a Washington, D.C.  |b International Monetary Fund  |c 2015 
300 |a 75 pages 
651 4 |a Bosnia and Herzegovina 
653 |a Payment Systems 
653 |a Banks 
653 |a Finance 
653 |a Banks and banking 
653 |a Regimes 
653 |a Clearinghouses; Banking 
653 |a Mortgages 
653 |a Standards 
653 |a Financial markets 
653 |a Financial risk management 
653 |a Capital and Ownership Structure 
653 |a Goodwill 
653 |a Principles for Financial Market Infrastructures 
653 |a Real time gross settlement systems 
653 |a Banking 
653 |a Financial Risk and Risk Management 
653 |a Financing Policy 
653 |a Depository Institutions 
653 |a Government and the Monetary System 
653 |a Institutional Investors 
653 |a Commercial banks 
653 |a Payment systems 
653 |a Pension Funds 
653 |a Financial institutions 
653 |a Financial Instruments 
653 |a Value of Firms 
653 |a General Financial Markets: Government Policy and Regulation 
653 |a Micro Finance Institutions 
653 |a Non-bank Financial Institutions 
653 |a Banks and banking; State supervision 
653 |a Operational risk 
653 |a Banks and Banking 
653 |a Monetary Systems 
653 |a Financial regulation and supervision 
653 |a Finance: General 
653 |a Financial services law & regulation 
710 2 |a International Monetary Fund  |b Monetary and Capital Markets Department 
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989 |b IMF  |a International Monetary Fund 
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520 |a This paper discusses key findings and recommendations of the Detailed Assessment of Observance of the CPMI–IOSCO (Committee on Payments and Market Infrastructures–International Organization of Securities Commissions) Principles for Financial Market Infrastructures in Bosnia and Herzegovina. Major achievements have been made in modernizing the payment system. Resiliency of the interbank payment system was demonstrated against the severe floods of May 2014. The currency board arrangement has helped protect the payment system from credit risks. The formal assessment of the real-time gross settlement system suggests that many of the standards are observed. The legal basis is relatively sound, but finality and netting arrangements require greater legal certainty and protection at the law level