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Record Nr. |
UNINA9910779101703321 |
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Titolo |
Spain : : Oversight and Supervision of Financial Market Infrastructures Technical Note |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2012 |
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ISBN |
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1-4755-2675-X |
1-4755-6808-8 |
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Descrizione fisica |
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1 online resource (34 p.) |
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Collana |
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IMF Staff Country Reports |
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Soggetti |
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Finance - Spain |
Banks and Banking |
Finance: General |
Investments: General |
Public Finance |
Monetary Systems |
Standards |
Regimes |
Government and the Monetary System |
Payment Systems |
Public Administration |
Public Sector Accounting and Audits |
Pension Funds |
Non-bank Financial Institutions |
Financial Instruments |
Institutional Investors |
Banks |
Depository Institutions |
Micro Finance Institutions |
Mortgages |
General Financial Markets: General (includes Measurement and Data) |
Finance |
Public finance & taxation |
Banking |
Investment & securities |
Payment systems |
PFM information systems |
Central counterparty clearing house |
Securities |
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Financial markets |
Public financial management (PFM) |
Financial institutions |
Clearing and settlement systems |
Clearinghouses |
Finance, Public |
Banks and banking |
Financial instruments |
Spain Economic policy |
Spain |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Description based upon print version of record. |
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Nota di contenuto |
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Cover; Contents; Glossary; Executive Summary; Table; 1. Main Recommendations on FMI Supervision and Oversight; I. Introduction; II. Description of the FMI Supervision/Oversight Framework; A. Overview of Financial Market Infrastructures; B. Overview of the Supervisory and Oversight Framework; C. Main Reforms Since the 2006 FSAP; Boxes; 1. 2006 FSAP Recommendations for IBERCLEAR; III. Main Issues at Stake; A. Effectiveness of the Oversight/Supervision of the Systemically Important FMIs; 2. Follow-up of the 2006 FSAP Main Recommendations for IBERCLEAR; B. Cooperation Between Domestic Authorities |
C. Financial Risk Management and Corporate Governance of the Spanish CCPsD. Crisis Management; Appendixes; 1. Overview of the Trading, Clearing and Settlement Organization in Spain; 2. European Initiatives in the Field of Securities and Derivatives; Figures; 1. MEFF Collateral Details at End-November 2011; 3. Risk Management Framework in MEFF and MEFFClear; 2. Meffclear Collateral Details at End-November 2011 |
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Sommario/riassunto |
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This technical note focuses on financial market infrastructures (FMIs) in Spain. The way Spanish authorities supervise and oversee FMIs is an essential issue in promoting and maintaining domestic financial stability. Although systemically important payments systems are European or international based, there are currently four domestic securities settlement systems and three domestic central counterparties in Spain. Overall, authorities’ responsibilities with respect to FMIs are clearly defined in the law, but further transparency on Banco de España’s (BdE) responsibilities with respect to FMIs other than payments systems is recommended. |
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