European Union: Publication of Financial Sector Assessment Program Documentation—Technical Note on Cross-Border Issues, Central Counterparties, and Central Securities Depositories
March 15, 2013
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The analysis focuses on the effectiveness of the regulatory, supervisory, and oversight frameworks for central counterparties (CCPs) and central securities depositories (CSDs) in the European Union (EU) as these are essential for financial stability. Cooperation between authorities within and outside the EU is critical to reduce the risks related to the cross-border nature of clearing and settlement within the EU. In this context, crisis management arrangements among EU authorities are of key importance to adequately fulfill the various responsibilities that authorities may have in relation to CCPs and CSDs in crisis situations.
Subject: Banking, Central counterparty clearing house, Central securities depositories, Crisis management framework, Education, Financial crises, Financial institutions, Financial instruments, Financial markets, Securities
Keywords: authority, CCPs EMCF, Central counterparty clearing house, Central securities depositories, CR, Crisis management framework, CSD, CSD regulation, CSDs, CSDs in the EU, ESMA resource, ESMA website, EU interest, EU legislation, EU regulation, Europe, Global, ISCR, member state, Securities, Supervisory College CCPs
Pages:
24
Volume:
2013
DOI:
Issue:
072
Series:
Country Report No. 2013/072
Stock No:
1EUREA2013008
ISBN:
9781475548679
ISSN:
1934-7685
