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People’s Republic of China: Detailed Assessment Report: CPSS-IOSCO Recommendations for Securities Settlement Systems and Central Counterparties

Author : International Monetary Fund

Publisher : International Monetary Fund

Page : 65 pages

File Size : 37,40 MB

Release : 2012-04-05

Category : Business & Economics

ISBN : 1475570023

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Book Description

A detailed assessment report on the observance of the Committee on Payment and Settlement Systems-International Organization of Securities Commissions recommendations for China’s Securities Settlement Systems and Central Counterparties is presented. The bond market comprises the interbank bond market, the exchange bond market, and the bank counter market. The two stock exchanges, the Shanghai Stock Exchange and the Shenzhen Stock Exchange, have been established in 1990 and offer trading in the same type of securities, being shares, bonds, funds, and warrants.



People’s Republic of China

Author : International Monetary Fund

Publisher : International Monetary Fund

Page : 57 pages

File Size : 14,63 MB

Release : 2012-04-05

Category : Business & Economics

ISBN : 1475502990

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Book Description

The assessment report on the observance of China’s compliance with the Committee for Payment and Settlement System's core principles for systemically important payment systems is examined. Domestic foreign exchange transactions are mostly executed at the China Foreign Exchange Trade Center. Domestic payments are handled through a diverse variety of payment systems, mainly operated by the People's Bank of China, except for cards and some local clearinghouses. Real-time remittances, bills, and cheque-clearing services are widely available to the financial institutions serving the rural areas.



People’s Republic of China: Detailed Assessment Report: CPSS-IOSCO Recommendations for Securities Settlement Systems and Central Counterparties

Author : International Monetary Fund

Publisher : International Monetary Fund

Page : 65 pages

File Size : 46,62 MB

Release : 2012-04-05

Category : Business & Economics

ISBN : 1475503008

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Book Description

A detailed assessment report on the observance of the Committee on Payment and Settlement Systems-International Organization of Securities Commissions recommendations for China’s Securities Settlement Systems and Central Counterparties is presented. The bond market comprises the interbank bond market, the exchange bond market, and the bank counter market. The two stock exchanges, the Shanghai Stock Exchange and the Shenzhen Stock Exchange, have been established in 1990 and offer trading in the same type of securities, being shares, bonds, funds, and warrants.



People's Republic of China—Hong Kong Special Administrative Region

Author : International Monetary Fund

Publisher : International Monetary Fund

Page : 87 pages

File Size : 44,16 MB

Release : 2003-06-27

Category : Business & Economics

ISBN : 1451816901

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Book Description

This paper evaluates key findings of the Financial System Stability Assessment for Hong Kong Special Administrative Region (SAR), including Reports on the Observance of Standards and Codes on Banking Supervision, Securities Regulation, Insurance Supervision, Payment Systems, Securities Settlement Systems, Monetary and Financial Policy Transparency, and Corporate Governance. Overall, the financial system in Hong Kong SAR is resilient, sound, and overseen by a comprehensive supervisory framework. The banking system is sufficiently well capitalized and profitable to be able to withstand the more likely macroeconomic shocks, although some pressures on bank profits are emerging.



Indonesia

Author : International Monetary Fund

Publisher : International Monetary Fund

Page : 34 pages

File Size : 44,79 MB

Release : 2012-07-18

Category : Business & Economics

ISBN : 1475523483

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Book Description

This paper discusses findings of the joint IMF–World Bank Indonesia Financial Sector Assessment Program (FSAP) undertaken during 2009– 10. The assessment was conducted on processes and functions, as opposed to institutions and with the cooperation of the Bapepam-LK, the Bank Indonesia. It was found that the legal framework governing the clearing and settlement operations of the equity and corporate bond market supports some, but not all, of the key elements of the clearing and settlement process.



People’s Republic of China–Hong Kong Special Administrative Region: Financial Sector Assessment Program-Detailed Assessment of Observance-HKFE Clearing Corporation Limited (HKCC) Principles for Financial Market Infrastructures

Author : International Monetary

Publisher : International Monetary Fund

Page : 129 pages

File Size : 21,95 MB

Release : 2021-06-15

Category : Business & Economics

ISBN : 1513585673

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Book Description

The HKFE Clearing Corporation Limited (HKCC) observes the CPSS/IOSCO Principles for Financial Market Infrastructures (PFMI). It has a sound, coherent and transparent legal basis. As an integral part of the Hong Kong Exchanges and Clearing Limited (HKEX Group), the HKCC has a comprehensive and adequate risk management framework to address financial, business, and operational risks. Participant assets as well as HKCC’s collaterals are safely kept in several banks and regulated central securities depositories. The credit and liquidity risks are minimized by having a robust risk management framework, including rigorous stress testing methodology and access to qualifying liquid resources. Furthermore, the HKCC has clear rules and procedures to handle and manage a participant’s default procedures. Moreover, the HKCC has established risk management framework to handle operational risk, including cyber risk, and business continuity management that addresses events posing significant risk of operational disruption.



People’s Republic of China-Hong Kong Special Administrative Region

Author : International Monetary Fund. Monetary and Capital Markets Department

Publisher : International Monetary Fund

Page : 38 pages

File Size : 27,83 MB

Release : 2014-07-16

Category : Business & Economics

ISBN : 1498300316

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Book Description

This Technical Note on Oversight and Supervision of Financial Market Infrastructures has been prepared in the context of the Financial Sector Assessment Program for the People’s Republic of China–Hong Kong Special Administrative Region (HKSAR). Nine financial market infrastructures (FMIs) operate in HKSAR; the effectiveness of their supervision and oversight is critical in maintaining financial stability. In order to support their objective of consolidating Hong Kong’s position as an international financial center, the Hong Kong authorities have fostered the development of sophisticated and multicurrency FMIs. The risks associated with domestic and overseas linkages appear to be adequately managed. Extensive domestic and overseas system linkages have been implemented making HKSAR a regional settlement hub. The legal framework should be amended to explicitly prohibit a domestic clearing house from operating in HKSAR without being recognized as such. The respective legal framework and policy mandate determines the actions of the Hong Kong Monetary Authority and the Securities and Futures Commission as the two regulatory, oversight and supervision authorities for FMIs in HKSAR.



The Payment System

Author : Tom Kokkola

Publisher :

Page : 369 pages

File Size : 22,76 MB

Release : 2010

Category : Banks and banking, Central

ISBN : 9789289906333

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Book Description

"This book is designed to provide the reader with an insight into the main concepts involved in the handling of payments, securities and derivatives and the organisation and functioning of the market infrastructure concerned. Emphasis is placed on the general principles governing the functioning of the relevant systems and processes and the presentation of the underlying economic, business, legal, institutional, organisational and policy issues. The book is aimed at decision-makers, practitioners, lawyers and academics wishing to acquire a deeper understanding of market infrastructure issues. It should also prove useful for students with an interest in monetary and financial issues."--Introduction (Pg. 20, para 8).



Global Financial Stability Report, April 2012

Author : International Monetary Fund. Monetary and Capital Markets Department

Publisher : International Monetary Fund

Page : 94 pages

File Size : 44,56 MB

Release : 2012-04-18

Category : Business & Economics

ISBN : 1616352477

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Book Description

The April 2012 Global Financial Stability Report assesses changes in risks to financial stability over the past six months, focusing on sovereign vulnerabilities, risks stemming from private sector deleveraging, and assessing the continued resilience of emerging markets. The report probes the implications of recent reforms in the financial system for market perception of safe assets, and investigates the growing public and private costs of increased longevity risk from aging populations.



Blue Book

Author :

Publisher :

Page : 760 pages

File Size : 24,91 MB

Release : 2001

Category : Banks and banking, Central

ISBN :

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Book Description