Germany: Financial Sector Assessment Program: Detailed Assessment Of Observance Of The CPSS-IOSCO Principles For Financial Market Infrastructures

Germany: Financial Sector Assessment Program: Detailed Assessment Of Observance Of The CPSS-IOSCO Principles For Financial Market Infrastructures–Clearstream Banking AG Frankfurt

August 3, 2022

Summary

Clearstream Banking Frankfurt (CBF) is a highly interconnected financial market infrastructure that provides a critical service for German financial markets and beyond. CBF is the central securities depository (CSD) in Germany providing mainly custody and settlement services, having received its license pursuant to Art. 16 of the CSDR on January 21, 2020 allowing it to perform core CSD services as well as non-banking ancillary services. It is also the operator of two securities settlement systems (SSS). In addition, CBF was authorized on August 24, 2021 to provide banking-type ancillary services as envisaged under Art. 54 CSDR.

Subject: Collateral, Credit, Credit risk, Financial institutions, Financial regulation and supervision, International organization, Monetary policy, Money, Operational risk, Securities

Keywords: ASSESSMENT of OBSERVANCE, banking Frankfurt, Collateral, Credit, Credit risk, Global, infrastructure regulation, INFRASTRUCTURES-CLEARSTREAM BANKING AG, Operational risk, Securities, summary ASSESSMENT

Pages:
153
Volume:
2022
DOI:
https://doi.org/10.5089/9798400217128.002
Issue:
262
Series:
Country Report No. 2022/262
Stock No:
1DEUEA2022004
ISBN:
9798400217128
ISSN:
1934-7685

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