IMF Staff Country Reports

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

February 11, 2014

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European Union: Detailed Assessment of Implementation of the European Central Bank Observance of the CPSS-IOSCO Responsibilities of Authorities for Financial Market Infrastructure, (USA: International Monetary Fund, 2014) accessed September 19, 2024

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.

Subject: Banking, Bonds, Central securities depositories, Financial institutions, Financial markets, Legal support in revenue administration, Payment systems, PFM information systems, Public financial management (PFM), Revenue administration

Keywords: Bonds, Central securities depositories, CR, ECB coordinate, ECB observance, ECB opinion, ECB overseer, ECB oversight framework, ECB oversight function, ECB oversight role, ECB oversight staff, ECB oversight team, ECB representative, ECB staff member, ECB statute, Envisaged ECB regulation, Europe, Global, ISCR, Legal support in revenue administration, Payment system, Payment systems, PFM information systems

Publication Details

  • Pages:

    40

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2014/035

  • Stock No:

    1EUREA2014001

  • ISBN:

    9781475568844

  • ISSN:

    1934-7685