{
  "title": "Germany: Financial Sector Assessment Program-Detailed Assessment of Observance on Eurex Clearing AG Observance of the CPSS-IOSCO Recommendations for Central Counterparties",
  "publication": "IMF Staff Country Reports, September 2, 2011",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/germany-financial-sector-assessment-program-detailed-assessment-of-observance-on-eurex-25217",
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  "summary": "Eurex has a sound, transparent, and enforceable legal basis to address the legal risks related to its activities. Eurex is regulated and supervised as a bank. Its clearing activities are governed by a consistent and solid set of laws, regulations, rules, and instructions.",
  "sections": [
    {
      "heading": "Legal basis and regulatory status",
      "content": "- Eurex has a \"sound, transparent, and enforceable legal basis\" to address the legal risks related to its activities.\n- Eurex is regulated and supervised as a bank.\n- Clearing activities are governed by a \"consistent and solid set of laws, regulations, rules, and instructions.\"\n- Eurex is \"regulated and supervised by several authorities.\""
    },
    {
      "heading": "Risk management framework",
      "content": "- Eurex has a \"comprehensive risk management framework\" composed of objectives, measures, and tools defined at:\n  - the level of Eurex, and\n  - the level of the Deutsche Börse Group (DGB).\n- Eurex \"regularly reviews its pricing, service, and capacity level.\""
    },
    {
      "heading": "Key findings and subject coverage",
      "content": "- The assessment emphasizes Eurex’s strong legal foundation and supervisory regime.\n- The framework and governance arrangements ensure operational and legal clarity for clearing activities.\n- Subject tags in the assessment include: Banking; Central counterparty clearing house; Collateral; Credit; Financial institutions; Financial markets; Legal support in revenue administration; Money; Revenue administration; Securities."
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      "content": "- Pages: 43\n- Volume: 2011\n- Issue: 271\n- Series: Country Report No. 2011/271\n- ISBN: 9781463902803\n- ISSN: 1934-7685\n- DOI: https://doi.org/10.5089/9781463902803.002\n\nSource: Germany: Financial Sector Assessment Program-Detailed Assessment of Observance on Eurex Clearing AG Observance of the CPSS-IOSCO Recommendations for Central Counterparties (IMF Staff Country Reports 2011, 271).\n\n---\n\n Content in this bundle\n\n- cr11271 - Executive Summary\n  - cr11271 - Executive Summary (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr11271 - Executive Summary (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: September 2, 2011",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781463902803.002",
    "Eurex has a \"sound, transparent, and enforceable legal basis\" to address the legal risks related to its activities.",
    "Eurex is regulated and supervised as a bank.",
    "Clearing activities are governed by a \"consistent and solid set of laws, regulations, rules, and instructions.\"",
    "Eurex is \"regulated and supervised by several authorities.\"",
    "Eurex has a \"comprehensive risk management framework\" composed of objectives, measures, and tools defined at:",
    "Eurex \"regularly reviews its pricing, service, and capacity level.\"",
    "The assessment emphasizes Eurex’s strong legal foundation and supervisory regime.",
    "The framework and governance arrangements ensure operational and legal clarity for clearing activities.",
    "Subject tags in the assessment include: Banking; Central counterparty clearing house; Collateral; Credit; Financial institutions; Financial markets; Legal support in revenue administration; Money; Revenue administration; Securities.",
    "Pages: 43",
    "Volume: 2011",
    "Issue: 271",
    "Series: Country Report No. 2011/271",
    "ISBN: 9781463902803",
    "ISSN: 1934-7685",
    "DOI: https://doi.org/10.5089/9781463902803.002",
    "**_cr11271 - Executive Summary**"
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