Kingdom of the Netherlands-Netherlands: Financial Sector Assessment Program:: Technical Note-Regulation,Supervision, and Oversight of Financial Market Infrastructures-Responsibilities and EUROCCP Financial and Operational Risk Management

International Monetary Fund

No 2017/092, IMF Staff Country Reports from International Monetary Fund

Abstract: This Technical Note discusses the findings and recommendations in the Financial Sector Assessment Program for the Netherlands on regulation, supervision, and oversight of financial market infrastructures (FMIs), whose supervision has been significantly strengthened in recent years. Good progress has been made to ensure that FMIs across the European Union, including in the Netherlands, are subject to a common regulatory framework. It is suggested that the Dutch central bank review the allocation of resources across various FMIs. The European Central Counterparty N.V. should also prioritize recruitment of a third Management Board member to ensure an effective board.

Keywords: ISCR; CR; EuroCCP; DNB; authority; margin model; DNB staff; reverse stress tests; business continuity arrangement; governance structure; Dutch authorities; advice EuroCCP; PFM information systems; Stress testing; Principles for Financial Market Infrastructures; Payment systems; Central securities depositories; Europe (search for similar items in EconPapers)
Pages: 31
Date: 2017-04-13
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