Spain : : Oversight and Supervision of Financial Market Infrastructures Technical Note

• Pubblicazione: Washington, D.C. : , : International Monetary Fund, , 2012
• Edizione: 1st ed.
• Descrizione fisica: 1 online resource (34 p.)
• Disciplina: 332.152
• Soggetto topico: Finance - Spain; Banking; Banks and Banking; Banks and banking; Banks; Central counterparty clearing house; Clearing and settlement systems; Clearinghouses; Depository Institutions; Finance; Finance, Public; Finance: General; Financial institutions; Financial Instruments; Financial instruments; Financial markets; General Financial Markets: General (includes Measurement and Data); Government and the Monetary System; Institutional Investors; Investment & securities; Investments: General; Micro Finance Institutions; Monetary Systems; Mortgages; Non-bank Financial Institutions; Payment Systems; Payment systems; Pension Funds; Pfm information systems; Public Administration; Public finance & taxation; Public Finance; Public financial management (PFM); Public Sector Accounting and Audits; Regimes; Securities; Standards
• Soggetto geografico: Spain Economic policy; Spain
• Note generali: Description based upon print version of record.
• Nota di contenuto: 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
• Sommario/riassunto: 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.
• Titolo autorizzato: Spain
• ISBN: 9781475526752; 147552675X; 9781475568080; 1475568088
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910957809003321
• Lo trovi qui: Univ. Federico II
• Serie: IMF Staff Country Reports; Country Report ; ; No. 2012/144