Denmark: Financial Sector Assessment Program-Detailed Assessment of the Core Principles for Systemically Important Payment Systems
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Summary:
This paper discusses key findings of the Detailed Assessment of the Core Principles for Systemically Important Payment Systems for Denmark. The main counterparties for the assessment were Danmarks Nationalbank and the Danish Financial Supervisory Authority Finanstilsynet. The assessment recommends that the system should have a well-founded legal basis under all relevant jurisdictions. The system’s rules and procedures should enable participants to have a clear understanding of the system’s impact on each of the financial risks they incur through participation in it.
Series:
Country Report No. 2007/120
Subject:
Banking Clearing and settlement systems Collateral Financial institutions Financial markets Infrastructure National accounts Payment systems Securities
English
Publication Date:
March 23, 2007
ISBN/ISSN:
9781451811179/1934-7685
Stock No:
1DNKEA2007005
Pages:
63
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