IMF Staff Country Reports

Euro Area Policies: Financial Sector Assessment Program-Technical Note-Supervision and Oversight of Central Counterparties and Central Securities Depositories

July 19, 2018

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Euro Area Policies: Financial Sector Assessment Program-Technical Note-Supervision and Oversight of Central Counterparties and Central Securities Depositories, (USA: International Monetary Fund, 2018) accessed October 13, 2024

Summary

Regulation, supervision, and oversight of central counterparties (CCPs) and central securities depositories (CSDs) in the euro area is evolving. Recent proposed amendments to the European Market Infrastructure Regulation (EMIR) are expected to further alter the landscape, as is the European Central Bank (ECB) proposal to amend article 22 of the Statute of the European System of Central Banks (ESCB) and the ECB. The main objective of this note is to analyze the regulatory and supervisory structure applicable to CCPs and International CSDs (ICSDs) in the European Union (EU) and assess their suitability using international standards and good practices.

Subject: Asset and liability management, Banking, Central counterparty clearing house, Central securities depositories, Currencies, Financial markets, Financial sector policy and analysis, Financial sector stability, Liquidity, Money

Keywords: CCP college, CCP stress test, CCP supervision, CCP supervisor, Central bank, Central counterparty clearing house, Central securities depositories, CR, Currencies, ECB information system, ECB proposal, ECB statute, ESMA representative, EU authority, EU bank, EU market, Financial sector stability, Global, ISCR, Liquidity, Oversight of central counterparties, Risk management rule, Stress test, Third-country CCP

Publication Details

  • Pages:

    32

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2018/227

  • Stock No:

    1EUREA2018004

  • ISBN:

    9781484369319

  • ISSN:

    1934-7685