France : Financial Sector Assessment Program—Detailed Assessment of Observance of CPSS/IOSCO Recommendations for Securities Settlement Systems and for Central Counterparties

Author/Editor:

International Monetary Fund. Monetary and Capital Markets Department

Publication Date:

July 1, 2013

Electronic Access:

Free Full text (PDF file size is 1129 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This paper discusses key findings of the Detailed Assessment of LCH.Clearnet SA Observance of the Committee on Payment and Settlement Systems/International Organization of Securities Commission (CPSS–IOSCO) Recommendations for Central Counterparties. The findings reveal that LCH.Clearnet SA displays a high level of observance of the CPSS/IOSCO recommendations. It has a sound, coherent, and transparent legal basis. It has developed an adequate risk-management framework to address financial and operational risks. LCH.Clearnet SA governance arrangements and composition of Boards and management are well defined and adequately staffed.

Series:

Country Report No. 13/183

Subject:

English

Publication Date:

July 1, 2013

ISBN/ISSN:

9781484339701/1934-7685

Stock No:

1FRAEA2013005

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

60

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