Sweden: Financial Sector Assessment Program Update-Detailed Assessment of Observance on NASDAQ OMX DM Observance of the CPSS-IOSCO Recommendations for Central Counterparties
IMF Staff Country Reports, September 16, 2011
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- Sweden: Financial Sector Assessment Program Update-Detailed Assessment of Observance on NASDAQ OMX DM Observance of the CPSS-IOSCO Recommendations for Central Counterparties
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Bibliographic details
- Published: September 16, 2011
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781463903558.002
Summary and context
- Detailed assessment of NOMX DM undertaken in the context of the IMF Financial Sector Assessment Program (FSAP) Update for Sweden in 2011.
- NOMX DM is the only Central Counter-parties (CCP) in Sweden.
- NOMX DM has provided clearing services for equity, fixed income derivatives, and repo transactions since 2010.
- Assessment conclusion: NOMX DM has a comprehensive risk management framework, but relevant points were raised related to governance and risk management.
- Swedish authorities have taken necessary measures to improve the system.
Major findings
- NOMX DM operates clearing services for multiple product types: equity, fixed income derivatives, and repo transactions.
- Strength: comprehensive risk management framework at NOMX DM.
- Areas identified for improvement: governance and risk management practices (specific issues noted in the assessment).
Policy actions and recommendations
- Swedish authorities have taken necessary measures to improve the system (as noted in the assessment).
Subjects and keywords
- Subject: Banking, Central counterparty clearing house, Collateral, Financial institutions, Financial instruments, Financial markets, Legal support in revenue administration, Revenue administration, Small taxpayer office
- Keywords: agent customer clearing model, Central counterparty clearing house, clearing activity, clearing member, Clearing risk committee, Collateral, CR, default procedure, end customer, financial market, Global, ISCR, Legal support in revenue administration, liquidity risk, NOMX DM's member, NOMX STO, situations NOMX DM, Small taxpayer office
Source: IMF Staff Country Reports (Sweden: Financial Sector Assessment Program Update-Detailed Assessment of Observance on NASDAQ OMX DM Observance of the CPSS-IOSCO Recommendations for Central Counterparties), September 16, 2011.
Content in this bundle
- Key Statistics of NOMX DM, 2006–10