## 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, September 2, 2011_

## Source details

**Canonical URL:** [Germany: Financial Sector Assessment Program-Detailed Assessment of Observance on Eurex Clearing AG Observance of the CPSS-IOSCO Recommendations for Central Counterparties](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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## Bibliographic details
- Published: September 2, 2011
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781463902803.002

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### Legal basis and regulatory status
- 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."

### Risk management framework
- Eurex has a "comprehensive risk management framework" composed of objectives, measures, and tools defined at:
  - the level of Eurex, and
  - the level of the Deutsche Börse Group (DGB).
- Eurex "regularly reviews its pricing, service, and capacity level."

### Key findings and subject coverage
- 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.

### Document and publication metadata (excerpted from page content)
- 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

*Source: 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).*

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## Content in this bundle

- **_cr11271 - Executive Summary**
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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/germany-financial-sector-assessment-program-detailed-assessment-of-observance-on-eurex-25217_