European Union: Detailed Assessment of Implementation of the European Central Bank Observance of the CPSS-IOSCO Responsibilities of Authorities for Financial Market Infrastructure

 
 
Publication Date: February 11, 2014
 
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Summary: This paper discusses key findings of the detailed assessment of implementation of the European Central Bank (ECB) Observance of the Committee on Payment and Settlement Systems/International Organization of Securities Commission (CPSS-IOSCO) responsibilities of authorities for financial market infrastructures. The oversight framework of the ECB is comprehensive. The ECB has developed a wide-ranging oversight policy, including quantitative and qualitative criteria to identify, monitor, and remedy any potential systemic risks related to financial market infrastructures. It has also developed oversight standards covering a broad range of infrastructures, service providers, and payment schemes within the euro area.
 
Series: Country Report No. 14/35
Subject(s): Financial Sector Assessment Program | European Economic and Monetary Union | Capital markets | Securities markets | Payment systems | Bank supervision | European Central Bank | Reports on the Observance of Standards and Codes | Europe

 
English
Publication Date: February 11, 2014
ISBN/ISSN: 9781475568844/1934-7685 Format: Paper
Stock No: 1EUREA2014001 Pages: 40
Price:
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