06160oam 22014294 450 991077910170332120230802005457.01-4755-2675-X1-4755-6808-8(CKB)2550000000107535(EBL)1606792(SSID)ssj0000943576(PQKBManifestationID)11501239(PQKBTitleCode)TC0000943576(PQKBWorkID)10982242(PQKB)10681482(MiAaPQ)EBC1606792(Au-PeEL)EBL1606792(CaPaEBR)ebr10579621(OCoLC)870597512(IMF)1ESPEE2012008(IMF)1ESPEA2012008(EXLCZ)99255000000010753520020129d2012 uf 0engur|n|---|||||txtccrSpain : Oversight and Supervision of Financial Market Infrastructures Technical NoteWashington, D.C. :International Monetary Fund,2012.1 online resource (34 p.)IMF Staff Country ReportsDescription based upon print version of record.1-4755-5496-6 1-4755-0431-4 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 AuthoritiesC. 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 2011This 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.IMF Staff Country Reports; Country Report ;No. 2012/144FinanceSpainBanks and BankingimfFinance: GeneralimfInvestments: GeneralimfPublic FinanceimfMonetary SystemsimfStandardsimfRegimesimfGovernment and the Monetary SystemimfPayment SystemsimfPublic AdministrationimfPublic Sector Accounting and AuditsimfPension FundsimfNon-bank Financial InstitutionsimfFinancial InstrumentsimfInstitutional InvestorsimfBanksimfDepository InstitutionsimfMicro Finance InstitutionsimfMortgagesimfGeneral Financial Markets: General (includes Measurement and Data)imfFinanceimfPublic finance & taxationimfBankingimfInvestment & securitiesimfPayment systemsimfPFM information systemsimfCentral counterparty clearing houseimfSecuritiesimfFinancial marketsimfPublic financial management (PFM)imfFinancial institutionsimfClearing and settlement systemsimfClearinghousesimfFinance, PublicimfBanks and bankingimfFinancial instrumentsimfSpainEconomic policySpainimfFinanceBanks and BankingFinance: GeneralInvestments: GeneralPublic FinanceMonetary SystemsStandardsRegimesGovernment and the Monetary SystemPayment SystemsPublic AdministrationPublic Sector Accounting and AuditsPension FundsNon-bank Financial InstitutionsFinancial InstrumentsInstitutional InvestorsBanksDepository InstitutionsMicro Finance InstitutionsMortgagesGeneral Financial Markets: General (includes Measurement and Data)FinancePublic finance & taxationBankingInvestment & securitiesPayment systemsPFM information systemsCentral counterparty clearing houseSecuritiesFinancial marketsPublic financial management (PFM)Financial institutionsClearing and settlement systemsClearinghousesFinance, PublicBanks and bankingFinancial instrumentsInternational Monetary Fund.DcWaIMFBOOK9910779101703321Spain520834UNINA