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.

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 Counter...

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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. 2010/129
Online Access:Full text available on IMF
Description
Summary: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.
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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