Kingdom of the Netherlands-Netherlands: Financial Sector Assessment Program:: Technical Note-Regulation, Supervision, and Oversight of Financial Market Infrastructures-Responsibilities and EUROCCP Financial and Operational Risk Management
IMF Staff Country Reports, April 13, 2017
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- Canonical URL
- Kingdom of the Netherlands-Netherlands: Financial Sector Assessment Program:: Technical Note-Regulation, Supervision, and Oversight of Financial Market Infrastructures-Responsibilities and EUROCCP Financial and Operational Risk Management
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Bibliographic details
- Published: April 13, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475593921.002
Overview
- Publication date: April 13, 2017
- Format: IMF Staff Country Reports
- Summary of the note:
- Discusses findings and recommendations in the Financial Sector Assessment Program for the Netherlands on regulation, supervision, and oversight of financial market infrastructures (FMIs).
- Emphasizes that supervision of FMIs has been significantly strengthened in recent years.
- Notes that good progress has been made to ensure that FMIs across the European Union, including in the Netherlands, are subject to a common regulatory framework.
- Suggests that the Dutch central bank review the allocation of resources across various FMIs.
- Recommends that the European Central Counterparty N.V. should prioritize recruitment of a third Management Board member to ensure an effective board.
Key findings
- Supervision:
- Supervision of FMIs has been significantly strengthened in recent years.
- Good progress toward a common regulatory framework for FMIs across the European Union, including in the Netherlands.
- Institutional observations:
- Recommendation for the Dutch central bank to review allocation of resources across various FMIs.
- Recommendation for European Central Counterparty N.V. to prioritize recruitment of a third Management Board member to ensure an effective board.
Policy recommendations and operational priorities
- Dutch central bank:
- Review the allocation of resources across various FMIs.
- European Central Counterparty N.V.:
- Prioritize recruitment of a third Management Board member to ensure an effective board.
Subjects and keywords (as provided)
- Subject:
- Central securities depositories, Financial markets, Financial regulation and supervision, Financial sector policy and analysis, Payment systems, PFM information systems, Principles for Financial Market Infrastructures, Public financial management (PFM), Stress testing
- Keywords:
- advice EuroCCP, authority, business continuity arrangement, Central securities depositories, CR, DNB, DNB staff, Dutch authorities, EuroCCP, Europe, governance structure, ISCR, margin model, Payment systems, PFM information systems, Principles for Financial Market Infrastructures, reverse stress tests, Stress testing
Content in this bundle
- Country Report