01992cas a2200241 a 4500 AALejournalIMF015427 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513549002 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Monetary and Capital Markets Department. Bosnia and Herzegovina : Financial Sector Assessment Program-Detailed Assessment of Observance of the CPMI-IOSCO Principles for Financial Market Infrastructures. Washington, D.C. : International Monetary Fund, 2015. 1 online resource (75 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper discusses key findings and recommendations of the Detailed Assessment of Observance of the CPMI-IOSCO (Committee on Payments and Market Infrastructures-International Organization of Securities Commissions) Principles for Financial Market Infrastructures in Bosnia and Herzegovina. Major achievements have been made in modernizing the payment system. Resiliency of the interbank payment system was demonstrated against the severe floods of May 2014. The currency board arrangement has helped protect the payment system from credit risks. The formal assessment of the real-time gross settlement system suggests that many of the standards are observed. The legal basis is relatively sound, but finality and netting arrangements require greater legal certainty and protection at the law level. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2015/217 Full text available on IMF http://elibrary.imf.org/view/journals/002/2015/217/002.2015.issue-217-en.xml IMF e-Library