United States: Publication of Financial Sector Assessment Program Documentation: Detailed Assessment of Observance of the Fixed Income Clearing Corporation: Government Securities Division’s Observance of the CPSS-IOSCO Recommendations for Central Counterparties
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Summary:
This paper discusses key findings of the Detailed Assessment of Observance of the Fixed Income Clearing Corporation–Government Securities Division’s Observance of the Committee on Payment and Settlement Systems/International Organization of Securities Commissions (CPSS–IOSCO) Recommendations for Central Counterparties (CCP) for the United States. The assessment recommends that a CCP should have a well-founded, transparent, and enforceable legal framework for each aspect of its activities in all relevant jurisdictions. A CCP should require participants to have sufficient financial resources and robust operational capacity to meet obligations arising from participation in the CCP.
Series:
Country Report No. 2010/130
Subject:
Banking Central counterparty clearing house Financial institutions Financial markets Financial regulation and supervision Financial sector policy and analysis Legal support in revenue administration Operational risk Revenue administration Securities Stress testing
English
Publication Date:
May 15, 2010
ISBN/ISSN:
9781455206728/1934-7685
Stock No:
1USAEA2010012
Pages:
31
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