Format:
1 Online-Ressource (circa 162 Seiten)
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ISBN:
9781484316825
Series Statement:
IMF country report no. 17, 260
Content:
This report assesses the risk management practices of Clearstream Banking Luxembourg (CBL) based on the Committee on Payment and Settlement Systems-International Organization of Securities Commissions (CPSS-IOSCO) Principles for Financial Market Infrastructures. The findings reveal that a range of principles are in broad observance. A key priority is to reduce CBL dependence on commercial banks in its daily operations. There is significant dependence on a limited number of depository and cash correspondent banks, in particular for the US and UK markets. This dependence could be actively mitigated through an increase in the number of contracted banks or, where possible, the establishment of direct links with local central securities depositories and central banks
Additional Edition:
Erscheint auch als Druck-Ausgabe Luxembourg: Financial Sector Assessment Program: Detailed Assessment of Observance-Assessment of Observance of the CPSS-IOSCO Principles for Financial Market Infrastructures: Clearstream Banking Luxembourg Washington, D.C. : International Monetary Fund, 2017 ISBN 9781484316825
Language:
English
Keywords:
Graue Literatur
DOI:
10.5089/9781484316825.002
URL:
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