07044oam 22015254 450 991096396790332120250426110857.0978147552099614755209999781475521641147552164297814755218631475521863(CKB)2550000001180117(EBL)1588589(SSID)ssj0001157902(PQKBManifestationID)11684055(PQKBTitleCode)TC0001157902(PQKBWorkID)11209386(PQKB)10089802(MiAaPQ)EBC1588589(Au-PeEL)EBL1588589(CaPaEBR)ebr10825469(CaONFJC)MIL560231(OCoLC)867928671(IMF)1EUREE2013017(IMF)1EUREA20130171EUREA2013017(EXLCZ)99255000000118011720020129d2013 uf 0engurcnu||||||||txtccrEuropean Union : Publication of Financial Sector Assessment Program Documentation—Detailed Assessment of Observance of the CPSS-IOSCO Principles for Financial Market Infrastructures1st ed.Washington, D.C. :International Monetary Fund,2013.1 online resource (156 p.)IMF Staff Country ReportsDescription based upon print version of record.9781475513837 1475513836 9781306289801 1306289807 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 NetherlandsF. 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 BANKDETAILED 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 2011This 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.IMF Staff Country Reports; Country Report ;No. 2013/332SecuritiesState supervisionEuropeBanks and BankingimfInvestments: GeneralimfMoney and Monetary PolicyimfIndustries: Financial ServicesimfGeneral Financial Markets: General (includes Measurement and Data)imfMonetary SystemsimfStandardsimfRegimesimfGovernment and the Monetary SystemimfPayment SystemsimfMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralimfBanksimfDepository InstitutionsimfMicro Finance InstitutionsimfMortgagesimfFinancing PolicyimfFinancial Risk and Risk ManagementimfCapital and Ownership StructureimfValue of FirmsimfGoodwillimfMonetary economicsimfInvestment & securitiesimfFinanceimfFinancial services law & regulationimfSecuritiesimfCurrenciesimfCreditimfCollateralimfCredit riskimfFinancial institutionsimfMoneyimfFinancial regulation and supervisionimfFinancial instrumentsimfLoansimfFinancial risk managementimfBelgiumimfSecuritiesState supervisionBanks and BankingInvestments: GeneralMoney and Monetary PolicyIndustries: Financial ServicesGeneral Financial Markets: General (includes Measurement and Data)Monetary SystemsStandardsRegimesGovernment and the Monetary SystemPayment SystemsMonetary Policy, Central Banking, and the Supply of Money and Credit: GeneralBanksDepository InstitutionsMicro Finance InstitutionsMortgagesFinancing PolicyFinancial Risk and Risk ManagementCapital and Ownership StructureValue of FirmsGoodwillMonetary economicsInvestment & securitiesFinanceFinancial services law & regulationSecuritiesCurrenciesCreditCollateralCredit riskFinancial institutionsMoneyFinancial regulation and supervisionFinancial instrumentsLoansFinancial risk management332.152International Monetary Fund.DcWaIMFBOOK9910963967903321European Union60050UNINA