Italy: Financial Sector Assessment Program: Detailed Assessment of the Observance of Monte Titoli of the CPSS/IOSCO Recommendations for Securities Settlement Systems

March 1, 2006

Summary

This paper discusses a Detailed Assessment of the Observance of Monte Titoli (MT) for Securities Settlement Systems for Italy. The paper discusses that the rules and regulations governing the operations and activities of MT are public and accessible to participants. The Italian laws and regulations of Banca d’Italia (BI) and Consob provide a sound legal basis for the enforcement of transactions by defining the terms and conditions, and the rights and obligations of the involved counterparties as well as the obligations of MT toward their participants.

Subject: Currencies, Financial institutions, Financial markets, Financial regulation and supervision, Legal support in revenue administration, Money, Operational risk, Revenue administration, Securities, Securities settlement systems

Keywords: board of directors, book entry, cash settlement, central bank, CR, credit risk, Currencies, custody procedure of MT, financial market, Global, independent director, ISCR, Legal support in revenue administration, monetary policy, MT risk analysis framework, Operational risk, risk management, Securities, securities accounting procedure, securities lending, Securities settlement systems, settlement process, settlement system, terms and conditions

Pages:
35
Volume:
2006
DOI:
https://doi.org/10.5089/9781451819946.002
Issue:
081
Series:
Country Report No. 2006/081
Stock No:
1ITAEA2006007
ISBN:
9781451819946
ISSN:
1934-7685

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