IMF Staff Country Reports

The People's Republic of China: Financial Sector Assessment Program; Systemic Oversight of Financial Market Infrastructures - Technical Note

June 26, 2018

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The People's Republic of China: Financial Sector Assessment Program; Systemic Oversight of Financial Market Infrastructures - Technical Note, (USA: International Monetary Fund, 2018) accessed September 18, 2024

Summary

This Technical Note analyzes financial stability issues related to financial market infrastructures (FMIs) in China. Since the previous Financial Sector Assessment Program, the supervision and oversight of FMIs has strengthened through the adoption of the CPSS–IOSCO (Committee on Payment and Settlement Systems/International Organization of Securities Commissions) Principles for FMIs (PFMI). The public adoption of the PFMI by the authorities in 2013 and the establishment of an interagency platform to assess FMIs are commendable. Full implementation of the principles by FMIs is the next step and is expected to enhance the resilience and stability of the FMIs.

Subject: Financial institutions, Financial markets, Financial regulation and supervision, Futures, Legal support in revenue administration, Payment systems, PFM information systems, Principles for Financial Market Infrastructures, Public financial management (PFM), Revenue administration

Keywords: Central bank, Chairman of the board, CR, Credit risk, CSRC's supervision, Derivatives OTC derivative, FMIs in China, Futures, Global, ISCR, Legal support in revenue administration, Liquidity provider, Oversight FMIs, Oversight of the PBC, Payment systems, PBC law, PBC payment system participant, PBC's Accounting Department, PBC's regulation, PFM information systems, Principles for Financial Market Infrastructures, Private sector liquidity

Publication Details

  • Pages:

    39

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2018/192

  • Stock No:

    1CHNEA2018003

  • ISBN:

    9781484363805

  • ISSN:

    1934-7685