The People's Republic of China : Financial Sector Assessment Program; Systemic Oversight of Financial Market Infrastructures - Technical Note
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Summary:
This Technical Note analyzes financial stability issues related to the financial market infrastructure in China. Since the previous Financial Sector Assessment Program, the supervision and oversight of the infrastructure has strengthened through the adoption of the CPSS–IOSCO (Committee on Payment and Settlement Systems/International Organization of Securities Commissions) Principles for Financial Market Infrastructures (PFMI). The public adoption of the PFMI by the authorities in 2013 and the establishment of an interagency platform to assess the financial market infrastructure are commendable. Full implementation of the principles is the next step and is expected to enhance resilience and stability of the infrastructure.
Series:
Country Report No. 18/192
Subject:
Clearing and settlement systems Financial markets Financial Sector Assessment Program Financial sector oversight Financial stability Market infrastructure Payment systems Systemic risk
English
Publication Date:
June 26, 2018
ISBN/ISSN:
9781484363805/1934-7685
Stock No:
1CHNEA2018003
Format:
Paper
Pages:
39
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