IMF Staff Country Reports

Luxembourg: Financial Sector Assessment Program : Detailed Assessment of Observance-Assessment of Observance of the CPSS-IOSCO Principles for Financial Market Infrastructures: Clearstream Banking Luxembourg

Author/Editor:

International Monetary Fund. Monetary and Capital Markets Department

Publication Date:

August 28, 2017

Electronic Access:

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Summary:

Clearstream Banking Luxembourg (CBL) is a large securities settlement system that is highly interconnected with global securities markets and as such considered to be systemically important. The average daily settlement value of CBL was €480 billion in 2015. CBL delivers its services to an international customer base, comprising more than 1,400 financial institutions, including banks, supranationals, central banks and broker/dealers and central securities depositories (CSDs), with clients from over 110 countries. Among its member base are the largest banks in the world, as well as financial institutions considered to be globally systemically important. CBL currently maintains links to 56 markets with settlement in over 40 currencies. Among its clients are central banks and central counterparties (CCPs). The value of securities held on accounts with CBL is approximately €6 trillion.

Series:

Country Report No. 17/260

Subject:

Bank supervision Financial Sector Assessment Program Financial sector surveillance Luxembourg Macroprudential Policy Risk management