Germany: Financial Sector Assessment Program-Detailed Assessment of Observance on Eurex Clearing AG Observance of the CPSS-IOSCO Recommendations for Central Counterparties

International Monetary Fund

No 2011/271, IMF Staff Country Reports from International Monetary Fund

Abstract: Eurex has a sound, transparent, and enforceable legal basis to address the legal risks related to its activities. Eurex is regulated and supervised as a bank. Its clearing activities are governed by a consistent and solid set of laws, regulations, rules, and instructions. Eurex has a comprehensive risk management framework composed of objectives, measures, and tools defined at the level of Eurex and that of the Deutsche Börse Group (DGB). Eurex regularly reviews its pricing, service, and capacity level, and is regulated and supervised by several authorities.

Keywords: ISCR; CR; Eurex rule; financial market; participation requirement; Eurex CCP business; central bank; Eurex delivery process; default procedure; Eurex website; risk management framework; Eurex default rule; Eurex governance arrangement; Eurex concentration risk; Eurex risk data services; clearing activity; Eurex risk management framework; Eurex access requirement; margin call; Central counterparty clearing house; Securities; Credit; Legal support in revenue administration; Collateral; Global; access requirement (search for similar items in EconPapers)
Pages: 43
Date: 2011-09-02
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