Turkey: Financial Sector Assessment Program: detailed assessment of Observance-Assessment of Observance of the CPMI-IOSCO Principles for Financial Market Infrastructure

International Monetary Fund

No 2017/045, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper presents an assessment of observance of the CPMI–IOSCO (Committee on Payments and Market Infrastructures–International Organization for Securities Commissions) principles for financial market infrastructures in Turkey. The electronic funds transfer system in Turkey broadly observes the risk management framework and liquidity risk management, default management, and operational risk management principles. It partially observes the tiered participation principle. The rest are observed or not applicable. The electronic securities transfer system broadly observes the risk management framework, liquidity, default management, and operational risk principles; the rest are observed or not applicable.

Keywords: ISCR; CR; EFT system; CBRT payment; central bank; CBRT law; payment system; liquidity support; management system; Securities settlement systems; Payment systems; Central counterparty clearing house; Operational risk; Central securities depositories; Global (search for similar items in EconPapers)
Pages: 194
Date: 2017-02-08
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