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

Publication Date: July 01, 2013
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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(s): Capital markets | Securities markets | Securities regulations | Financial institutions | Reports on the Observance of Standards and Codes | Financial Sector Assessment Program | France

Publication Date: July 01, 2013
ISBN/ISSN: 9781484339701/1934-7685 Format: Paper
Stock No: 1FRAEA2013005 Pages: 60
US$18.00 (Academic Rate:
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