Sweden: Financial Sector Assessment Program Update-Detailed Assessment of Observance on NASDAQ OMX DM Observance of the CPSS-IOSCO Recommendations for Central Counterparties
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Summary:
This paper is a detailed assessment of NOMX DM, undertaken in the context of the IMF Financial Sector Assessment Program (FSAP) Update for Sweden in 2011. NOMX DM, the only Central Counter-parties (CCP) in Sweden, has provided clearing services for equity, fixed income derivatives, and repo transactions since 2010. Even though NOMX DM has a comprehensive risk management framework, relevant points were brought up in the assessment related to governance and risk management. Swedish authorities have taken necessary measures to improve the system.
Series:
Country Report No. 2011/284
Subject:
Banking Central counterparty clearing house Collateral Financial institutions Financial instruments Financial markets Legal support in revenue administration Revenue administration Small taxpayer office
English
Publication Date:
September 16, 2011
ISBN/ISSN:
9781463903558/1934-7685
Stock No:
1SWEEA2011007
Pages:
50
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