The People's Republic of China: Financial Sector Assessment Program; Systemic Oversight of Financial Market Infrastructures - Technical Note

International Monetary Fund

No 2018/192, IMF Staff Country Reports from International Monetary Fund

Abstract: This Technical Note analyzes financial stability issues related to financial market infrastructures (FMIs) in China. Since the previous Financial Sector Assessment Program, the supervision and oversight of FMIs has strengthened through the adoption of the CPSS–IOSCO (Committee on Payment and Settlement Systems/International Organization of Securities Commissions) Principles for FMIs (PFMI). The public adoption of the PFMI by the authorities in 2013 and the establishment of an interagency platform to assess FMIs are commendable. Full implementation of the principles by FMIs is the next step and is expected to enhance the resilience and stability of the FMIs.

Keywords: ISCR; CR; PBC law; PBC payment system participant; central bank; PBC's Accounting Department; credit risk; private sector liquidity; liquidity provider; oversight of the PBC; PBC's regulation; FMIs in China; CSRC's supervision; derivatives OTC derivative; oversight FMIs; chairman of the board; PFM information systems; Principles for Financial Market Infrastructures; Payment systems; Futures; Legal support in revenue administration; Global (search for similar items in EconPapers)
Pages: 39
Date: 2018-06-26
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