United States: Publication of Financial Sector Assessment Program Documentation: Reports on Observance and Codes
July 30, 2010
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The report gives a summary of the detailed assessment report on the implementation of the Basel Core Principles for Effective Banking in the United States and its recommendations, securities and futures market regulatory, insurance regulation, Fixed Income Clearing Corporation -Government Securities Division (FICC-GSD) system, and other recommendations such as Depository Trust Company (DTC) against the Recommendations for Securities Settlement Systems (RSSS), the National Securities Clearing Corporation (NSCC) against the Recommendation for Central Counterparties (RCCP), the Fedwire Securities Service (FSS) against the Committee on Payment and Settlement Systems -International Organization of Securities Commission (CPSS-IOSCO) RSSSs as well. The U.S. authorities welcomed the Financial Sector Assessment Program (FSAP) and independent reviews, and appreciated significant undertaking associated with reviews in the wake of the crisis.
Subject: Banking, Central counterparty clearing house, Financial crises, Financial institutions, Financial markets, Insurance, Insurance companies, Securities
Keywords: authority, business continuity arrangement, Central counterparty clearing house, CR, default procedure, FICC-GSD business continuity arrangement, Fixed Income Clearing Corporation-Government Securities Division, FSS participation requirements, fund, Global, governance arrangement, Insurance, Insurance companies, ISCR, NSCC business continuity arrangement, Securities
Pages:
98
Volume:
2010
DOI:
Issue:
250
Series:
Country Report No. 2010/250
Stock No:
1USAEA2010017
ISBN:
9781455206773
ISSN:
1934-7685
