United States : Publication of Financial Sector Assessment Program Documentation: Detailed Assessment of Observance of the National Securities Clearing Corporation’s Observance of the CPSS-IOSCO Recommendations for Central Counterparties

1USAEA2010011 Image
Price:  $18.00

Release Date: © May, 2010
ISBN : 978-1-45520-671-1
Stock #: 1USAEA2010011
English
Stock Status: On back-order

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Description

This paper discusses key findings of the Detailed Assessment of Observance of the National Securities Clearing Corporation’s (NSCC) 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, clear, and transparent legal basis in the 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.

Taxonomy

Capital markets , Financial institutions and markets , Securities markets




More publications in this series: IMF Staff Country Reports