United Kingdom: Financial Sector Assessment Program-Supervision and Systemic Risk Management of Financial Market Infrastructures-Technical Note

June 17, 2016

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Format: Chicago

United Kingdom: Financial Sector Assessment Program-Supervision and Systemic Risk Management of Financial Market Infrastructures-Technical Note, (USA: International Monetary Fund, 2016) accessed November 21, 2024

Summary

The main objective of this technical note is to analyze the supervision and systemic risk management of financial market infrastructures (FMIs) in the United Kingdom. It focuses on the supervision of FMIs, including the regulatory framework, supervisory practices, available resources, transparency, adoption of international standards and coordination and cooperation mechanisms among authorities, both domestically and cross-border; identification and management of interdependencies among FMIs, clearing members and markets, as well as other mechanisms for monitoring of system-wide risks that may exacerbate a crisis and impact financial stability in the United Kingdom and worldwide; and recovery and resolution of FMIs as relatively new instruments to sustain critical operations and services.

Subject: Banking, Central counterparty clearing house, Financial markets, Financial regulation and supervision, Payment systems, PFM information systems, Principles for Financial Market Infrastructures, Public financial management (PFM), Real time gross settlement systems

Keywords: BoE monitor, BoE work stream, BoE's perspective, Central counterparty clearing house, CR, Europe, Global, ISCR, Payment system, Payment systems, PFM information systems, Principles for Financial Market Infrastructures, Real time gross settlement systems, U.K. FMIs

Publication Details

Pages:

37
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/156
Stock No:

1GBREA2016004
ISBN:

9781484393468
ISSN:

1934-7685

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