Spain : Oversight and Supervision of Financial Market Infrastructures Technical Note

Publication Date: June 11, 2012
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Summary: 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.
Series: Country Report No. 12/144
Subject(s): Core Principles for Systemically Important Payment Systems | Financial instruments | Financial risk | Financial Sector Assessment Program | Risk management

Publication Date: June 11, 2012
ISBN/ISSN: 9781475504316/1934-7685 Format: Paper
Stock No: 1ESPEA2012008 Pages: 33
US$18.00 (Academic Rate:
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