Germany: Report on the Observance of Standards and Codes (ROSC)

International Monetary Fund

No 2011/170, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper presents the report on observance of standards and codes (ROSC) for the financial sector prepared in connection with the financial sector assessment program (FSAP). The FSAP covers the Basel Core Principles for effective banking, the International Association of Insurance Supervisors (IAIS) principles for regulation, the International Organization of Securities Commissions (IOSCO) Objectives and Principles of Securities Regulation, the Committee on Payment and Settlement Systems (CPSS), and IOSCO Recommendations for Central Counterparts. Germany’s essential solid institutional frameworks for macroeconomic policies are also overviewed.

Keywords: ISCR; CR; financial market; market participant; exchange market; central bank; financial crisis; credit risk; clearing member; capital market; rule-making function; b. BaFin; Insurance companies; Stress testing; Legal support in revenue administration; Global; Europe (search for similar items in EconPapers)
Pages: 55
Date: 2011-07-12
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