IMF Staff Country Reports

Kingdom of Bahrain: Financial Sector Assessment Program, Detailed Assessment of Observance Assessment of Observance of the CPMI-IOSCO Principles for Financial Market Infrastructures

June 16, 2016

Download PDF

Preview Citation

Format: Chicago

Kingdom of Bahrain: Financial Sector Assessment Program, Detailed Assessment of Observance Assessment of Observance of the CPMI-IOSCO Principles for Financial Market Infrastructures, (USA: International Monetary Fund, 2016) accessed November 23, 2024

Summary

This paper provides a detailed assessment of observance of the Committee on Payments and Market Infrastructures–International Organization of Securities Commissions principles for financial market infrastructures (FMIs). Major achievements have been made to establish safe and efficient payments and securities settlement systems in Bahrain. The real-time gross settlement system is highly concentrated and has tight interdependencies with the securities settlement system, making risks management a top priority. The formal assessment suggests that most of the principles are broadly observed, and identifies areas to improve for closer alignment with international standards. The objective of the assessment has been to identify potential risks related to FMIs that may affect financial stability.

Subject: Central bank bills, Central banks, Financial institutions, Financial markets, Government securities, Payment systems, Real time gross settlement systems, Securities, Securities settlement systems

Keywords: CBB law, Central bank bills, CR, Global, Government securities, ISCR, Payment systems, Real time gross settlement systems, RTGS member, Securities, Securities settlement systems, Securities transaction, SSS system, The CBB

Publication Details

  • Pages:

    108

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2016/170

  • Stock No:

    1BHREA2016001

  • ISBN:

    9781498304030

  • ISSN:

    1934-7685

You May Also Be Interested In...

Implementing Risk-Based Solvency for Insurers—Lessons from Kenya, Mexico, and South Africa

November 22, 2024

New Evidence on the US Excess Return on Foreign Portfolios

November 22, 2024

Unlocking Adaptation Finance in Emerging Market and Developing Economies

November 19, 2024

Foreign Exchange Intervention Under the Integrated Policy Framework: The Case of India

November 15, 2024