Germany: Financial Sector Assessment Program-Detailed Assessment of Observance on Eurex Clearing AG Observance of the CPSS-IOSCO Recommendations for Central Counterparties
IMF Staff Country Reports, September 2, 2011
Source details
- Canonical URL
- Germany: Financial Sector Assessment Program-Detailed Assessment of Observance on Eurex Clearing AG Observance of the CPSS-IOSCO Recommendations for Central Counterparties
Other formats
Bibliographic details
- Published: September 2, 2011
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781463902803.002
Legal basis and regulatory status
- Eurex has a "sound, transparent, and enforceable legal basis" to address the legal risks related to its activities.
- Eurex is regulated and supervised as a bank.
- Clearing activities are governed by a "consistent and solid set of laws, regulations, rules, and instructions."
- Eurex is "regulated and supervised by several authorities."
Risk management framework
- Eurex has a "comprehensive risk management framework" composed of objectives, measures, and tools defined at:
- the level of Eurex, and
- the level of the Deutsche Börse Group (DGB).
- Eurex "regularly reviews its pricing, service, and capacity level."
Key findings and subject coverage
- The assessment emphasizes Eurex’s strong legal foundation and supervisory regime.
- The framework and governance arrangements ensure operational and legal clarity for clearing activities.
- Subject tags in the assessment include: Banking; Central counterparty clearing house; Collateral; Credit; Financial institutions; Financial markets; Legal support in revenue administration; Money; Revenue administration; Securities.
Document and publication metadata (excerpted from page content)
- Pages: 43
- Volume: 2011
- Issue: 271
- Series: Country Report No. 2011/271
- ISBN: 9781463902803
- ISSN: 1934-7685
- DOI: https://doi.org/10.5089/9781463902803.002
Source: Germany: Financial Sector Assessment Program-Detailed Assessment of Observance on Eurex Clearing AG Observance of the CPSS-IOSCO Recommendations for Central Counterparties (IMF Staff Country Reports 2011, 271).
Content in this bundle
- _cr11271 - Executive Summary