United States : Publication of Financial Sector Assessment Program Documentation; Detailed Assessment of Observance of the Fixed Income Clearing Corporation; Government Securities Division's Observance of the CPSS-IOSCO Recommendations for Central Counterparties.

This paper discusses key findings of the Detailed Assessment of Observance of the Fixed Income Clearing Corporation-Government Securities Division's Observance of the Committee on Payment and Settlement Systems/International Organization of Securities Commissions (CPSS-IOSCO) Recommendations fo...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2010.
Series:IMF Staff Country Reports; Country Report ; No. 2010/130
Online Access:Full text available on IMF
Description
Summary:This paper discusses key findings of the Detailed Assessment of Observance of the Fixed Income Clearing Corporation-Government Securities Division's Observance of the Committee on Payment and Settlement Systems/International Organization of Securities Commissions (CPSS-IOSCO) Recommendations for Central Counterparties (CCP) for the United States. The assessment recommends that a CCP should have a well-founded, transparent, and enforceable legal framework for each aspect of its activities in all relevant jurisdictions. A CCP should require participants to have sufficient financial resources and robust operational capacity to meet obligations arising from participation in the CCP.
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Physical Description:1 online resource (31 pages)
Format:Mode of access: Internet
ISSN:1934-7685
Access:Electronic access restricted to authorized BRAC University faculty, staff and students