{
  "title": "United Kingdom: Financial Sector Assessment Program-Supervision and Systemic Risk Management of Financial Market Infrastructures-Technical Note",
  "publication": "IMF Staff Country Reports, June 17, 2016",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/united-kingdom-financial-sector-assessment-program-supervision-and-systemic-risk-management-43967",
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  "summary": "The main objective of this technical note is to analyze the supervision and systemic risk management of financial market infrastructures (FMIs) in the United Kingdom.",
  "publishDate": "2016-06-17",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Objective",
      "content": "- Main objective: analyze the supervision and systemic risk management of financial market infrastructures (FMIs) in the United Kingdom."
    },
    {
      "heading": "Scope and focus areas",
      "content": "- Supervision of FMIs, including:\n  - the regulatory framework;\n  - supervisory practices;\n  - available resources;\n  - transparency;\n  - adoption of international standards;\n  - coordination and cooperation mechanisms among authorities, both domestically and cross-border.\n- Identification and management of interdependencies among FMIs, clearing members, and markets.\n- Other mechanisms for monitoring system-wide risks that may exacerbate a crisis and impact financial stability in the United Kingdom and worldwide.\n- Recovery and resolution of FMIs as relatively new instruments to sustain critical operations and services."
    },
    {
      "heading": "Key subject areas and keywords",
      "content": "- Subject: Banking; Central counterparty clearing house; Financial markets; Financial regulation and supervision; Payment systems; PFM information systems; Principles for Financial Market Infrastructures; Public financial management (PFM); Real time gross settlement systems.\n- Keywords: BoE monitor; BoE work stream; BoE's perspective; Central counterparty clearing house; CR; Europe; Global; ISCR; payment system; Payment systems; PFM information systems; Principles for Financial Market Infrastructures; Real time gross settlement systems; U.K. FMIs."
    },
    {
      "heading": "Summary of analytical emphasis (as presented)",
      "content": "- Assess how supervision and systemic risk management frameworks and practices for FMIs operate in the United Kingdom.\n- Evaluate transparency, resources, and adherence to international standards for FMI supervision.\n- Examine domestic and cross-border coordination and cooperation among authorities overseeing FMIs.\n- Identify interdependencies among FMIs, clearing members, and markets, and assess mechanisms for monitoring system-wide risks.\n- Consider the role of recovery and resolution frameworks for FMIs in sustaining critical operations and services.\n\nInternational Monetary Fund. Monetary and Capital Markets Department \"United Kingdom: Financial Sector Assessment Program-Supervision and Systemic Risk Management of Financial Market Infrastructures-Technical Note\", IMF Staff Country Reports 2016, 156 (2016).\n\n---\n\n Content in this bundle\n\n- cr16156\n  - cr16156 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr16156 (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2016/12/31/united-kingdom-financial-sector-assessment-program-supervision-and-systemic-risk-management-43967"
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    "Published: June 17, 2016",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484393468.002",
    "Main objective: analyze the supervision and systemic risk management of financial market infrastructures (FMIs) in the United Kingdom.",
    "Supervision of FMIs, including:",
    "Identification and management of interdependencies among FMIs, clearing members, and markets.",
    "Other mechanisms for monitoring system-wide risks that may exacerbate a crisis and impact financial stability in the United Kingdom and worldwide.",
    "Recovery and resolution of FMIs as relatively new instruments to sustain critical operations and services.",
    "Subject: Banking; Central counterparty clearing house; Financial markets; Financial regulation and supervision; Payment systems; PFM information systems; Principles for Financial Market Infrastructures; Public financial management (PFM); Real time gross settlement systems.",
    "Keywords: BoE monitor; BoE work stream; BoE's perspective; Central counterparty clearing house; CR; Europe; Global; ISCR; payment system; Payment systems; PFM information systems; Principles for Financial Market Infrastructures; Real time gross settlement systems; U.K. FMIs.",
    "Assess how supervision and systemic risk management frameworks and practices for FMIs operate in the United Kingdom.",
    "Evaluate transparency, resources, and adherence to international standards for FMI supervision.",
    "Examine domestic and cross-border coordination and cooperation among authorities overseeing FMIs.",
    "Identify interdependencies among FMIs, clearing members, and markets, and assess mechanisms for monitoring system-wide risks.",
    "Consider the role of recovery and resolution frameworks for FMIs in sustaining critical operations and services.",
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