1.

Record Nr.

UNINA9910790715903321

Titolo

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

Pubbl/distr/stampa

Washington, D.C. : , : International Monetary Fund, , 2013

ISBN

1-4755-2099-9

1-4755-2164-2

1-4755-2186-3

Descrizione fisica

1 online resource (156 p.)

Collana

IMF Staff Country Reports

Soggetti

Securities - State supervision - Europe

Banks and Banking

Investments: General

Money and Monetary Policy

Industries: Financial Services

General Financial Markets: General (includes Measurement and Data)

Monetary Systems

Standards

Regimes

Government and the Monetary System

Payment Systems

Monetary Policy, Central Banking, and the Supply of Money and Credit: General

Banks

Depository Institutions

Micro Finance Institutions

Mortgages

Financing Policy

Financial Risk and Risk Management

Capital and Ownership Structure

Value of Firms

Goodwill

Monetary economics

Investment & securities

Finance

Financial services law & regulation

Securities

Currencies



Credit

Collateral

Credit risk

Financial institutions

Money

Financial regulation and supervision

Financial instruments

Loans

Financial risk management

Belgium

Lingua di pubblicazione

Inglese

Formato

Materiale a stampa

Livello bibliografico

Monografia

Note generali

Description based upon print version of record.

Nota di contenuto

Cover; CONTENTS; GLOSSARY; EXECUTIVE SUMMARY; BACKGROUND, KEY FINDINGS, AND FOLLOW UP; A. Introduction; B. Methodology and Information Used for the Assessment; C. Overview of Clearing and Settlement Landscape in which Euroclear Bank Operates; Figures; 1. Euroclear Group Organization Structure; 2. Role of Euroclear Bank as Settlement System in the Global Markets; D. Overview of Clearing and Settlement Landscape in which the ESE CSDS Operate; E. Key Findings and Follow up for Euroclear Bank; 3. Role of the ESES CSDs in the Securities Markets of Belgium, France, and the Netherlands

F. Key Findings and Follow up for the Authorities of the ESES CSDS Tables; 1. Ratings Summary of Euroclear Bank; 2. Ratings Summary Responsibilities for the Authorities of Euroclear; G. Recommendations for Euroclear Bank; 3. Ratings Summary of Responsibilities for Authorities of ESES CSDs; 4. List of Prioritized Recommendations Euroclear Bank; H. Recommendations Authorities ESES CSDs; 5. List of Prioritized Recommendations ESES CSDs; DETAILED ASSESSMENT FOR EUROCLEAR BANK; DETAILED ASSESSMENT RESPONSIBILITIES AUTHORITIES EUROCLEAR BANK

DETAILED ASSESSMENT RESPONSIBILITIES AUTHORITIES ESES CSDS AUTHORITIES' RESPONSE; Appendixes; 1. Key Statistics 2011; 2. List of Memorandum of Understandings and Other Cooperation Agreements for Euroclear Bank; 3. Key Statistics Euroclear Settlement for ESES CSDs 2011

Sommario/riassunto

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.