IMF Staff Country Reports

United States: Publication of Financial Sector Assessment Program Documentation: Detailed Assessment of Observance of the Fed wire Securities Service’s Observance of the CPSS-IOSCO Recommendations for Securities Settlement Systems

May 14, 2010

Download PDF

Preview Citation

Format: Chicago

United States: Publication of Financial Sector Assessment Program Documentation: Detailed Assessment of Observance of the Fed wire Securities Service’s Observance of the CPSS-IOSCO Recommendations for Securities Settlement Systems, (USA: International Monetary Fund, 2010) accessed December 25, 2024

Summary

This paper discusses key findings of the Detailed Assessment of Observance of the Fedwire Securities Service’s (FSS) Observance of the Committee on Payment and Settlement Systems/International Organization of Securities Commissions (CPSS–IOSCO) Recommendations for Securities Settlement Systems for the United States. The paper discusses that laws, regulations, rules, procedures, and contractual provisions governing the operations and activities of the FSS are public and readily accessible to system participants. The assessment recommends that securities settlement systems should have a well-founded, clear, and transparent legal basis in the relevant jurisdictions.

Subject: Banking, Collateral, Credit, Financial institutions, Financial markets, Legal support in revenue administration, Money, Revenue administration, Securities, Securities settlement systems

Keywords: Collateral, CR, Credit, Daylight overdraft, Discount window, Fedwire securities application, FRB staff, Global, Intraday credit, ISCR, Legal support in revenue administration, Net debit cap, PSR policy, Securities, Securities account, Securities intermediary, Securities lending, Securities settlement systems, Securities transfer, Security interest

Publication Details

  • Pages:

    37

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2010/127

  • Stock No:

    1USAEA2010009

  • ISBN:

    9781455206698

  • ISSN:

    1934-7685

You May Also Be Interested In...

Vulnerabilities and Risks in Denmark’s Nonbank Financial Institutions: Denmark

December 24, 2024

Central Bank Stress Testing—Guidance Note

December 23, 2024

Industrial Policy and State Ownership: How Do Commercial Banks Allocate Credit in China?

December 23, 2024

Chinese Housing Market Sentiment Index: A Generative AI Approach and An Application to Monetary Policy Transmission

December 23, 2024