06344oam 22015134 450 991095780900332120250426110815.09781475526752147552675X97814755680801475568088(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)1ESPEA20120081ESPEA2012008(EXLCZ)99255000000010753520020129d2012 uf 0engur|n|---|||||txtccrSpain : Oversight and Supervision of Financial Market Infrastructures Technical Note1st ed.Washington, D.C. :International Monetary Fund,2012.1 online resource (34 p.)IMF Staff Country ReportsDescription based upon print version of record.9781475554960 1475554966 9781475504316 1475504314 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. 2012/144FinanceSpainBankingimfBanks and BankingimfBanks and bankingimfBanksimfCentral counterparty clearing houseimfClearing and settlement systemsimfClearinghousesimfDepository InstitutionsimfFinanceimfFinance, PublicimfFinance: GeneralimfFinancial institutionsimfFinancial InstrumentsimfFinancial instrumentsimfFinancial marketsimfGeneral Financial Markets: General (includes Measurement and Data)imfGovernment and the Monetary SystemimfInstitutional InvestorsimfInvestment & securitiesimfInvestments: GeneralimfMicro Finance InstitutionsimfMonetary SystemsimfMortgagesimfNon-bank Financial InstitutionsimfPayment SystemsimfPayment systemsimfPension FundsimfPfm information systemsimfPublic AdministrationimfPublic finance & taxationimfPublic FinanceimfPublic financial management (PFM)imfPublic Sector Accounting and AuditsimfRegimesimfSecuritiesimfStandardsimfSpainEconomic policySpainimfFinanceBankingBanks and BankingBanks and bankingBanksCentral counterparty clearing houseClearing and settlement systemsClearinghousesDepository InstitutionsFinanceFinance, PublicFinance: GeneralFinancial institutionsFinancial InstrumentsFinancial instrumentsFinancial marketsGeneral Financial Markets: General (includes Measurement and Data)Government and the Monetary SystemInstitutional InvestorsInvestment & securitiesInvestments: GeneralMicro Finance InstitutionsMonetary SystemsMortgagesNon-bank Financial InstitutionsPayment SystemsPayment systemsPension FundsPfm information systemsPublic AdministrationPublic finance & taxationPublic FinancePublic financial management (PFM)Public Sector Accounting and AuditsRegimesSecuritiesStandards332.152International Monetary Fund.DcWaIMFBOOK9910957809003321Spain520834UNINA