Hidden Bibliographic Details
| Varying Form of Title: | Title on page 2 of pdf: Financial Sector Assessment Program, technical note, oversight and supervision of financial market infrastructures (FMIS) and risk assessment of central securities depositories
|
|---|
| Other uniform titles: | Financial Sector Assessment Program.
|
|---|
| Other authors / contributors: | Tanai Khiaonarong., (IMF staff)
Gray, Simon (Simon Thorburn), 1957- (IMF staff)
Coleman, Brett E., (World Bank staff)
International Monetary Fund, issuing body.
International Monetary Fund. Monetary and Capital Markets Department.
World Bank Group. Finance and Markets Global Practice Group.
|
|---|
| ISBN: | 1513504320
9781513504322
|
|---|
| ISSN: | 1934-7685
|
|---|
| Notes: | "February 2016."
"January 2016; Prepared by Monetary and Capital Markets Department, IMF and Finance and Markets Global Practice, World Bank; This technical note was prepared in the context of the joint IMF-World Bank Financial Sector Assessment Program (FSAP) mission in the Republic of Moldova during February 2014, led by Simon Gray, IMF and Brett Coleman, World Bank, and overseen by the Monetary and Capital Markets Department, IMF, and the Finance and Markets Global Practice, World Bank."--Page 2 of pdf.
"This Detailed Assessment Report has been prepared by Tanai Khiaonarong, Senior Financial Sector Expert from the IMF's Monetary and Capital Markets Department for the 2014 Republic of Moldova FSAP Update."--Page 5 of pdf.
Includes bibliographical references.
Online resource; title from pdf title page (IMF Web site, viewed March 31, 2016).
|
|---|
| Summary: | Moldova has a modern interbank payment system that lies at the heart of its financial markets. The Automated Interbank Payment System (AIPS) settled on average MDL 2 billion (US$ 214 million) per day, or 2.7 percent of GDP in 2013. It has real-time gross settlement features that help reduce systemic risks, settles large-value and time-critical payments, and is interdependent with two securities settlement systems. This includes the central bank's Book-Entry System (BES) that handles government securities and central bank certificate settlements, and the National Securities Depository (NSD) that settles private sector securities trades. It largely met international standards in the FSAP Update of 2008. A self-assessment of the BES against the CPSS-IOSCO Principles for Financial Market Infrastructures (PFMIs) has been completed in December 2013 by the NBM. The preliminary results suggest full observance with 11 principles and broad observance with three principles (Principle 1 on Legal Basis, Principle 22 on Communication Procedures and Standards). They are currently under the peer review process by the National Commission for Financial Markets (NCFM).
|
|---|
| Standard no.: | 10.5089/9781513504322.002
|
|---|
