Hidden Bibliographic Details
| Varying Form of Title: | United Kingdom, supervision and systemic risk management of financial market infrastructures ; technical note
Financial Sector Assessment Program supervision and systemic risk management of financial market infrastructures ; technical note
Supervision and systemic risk management of financial market infrastructures ; technical note
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| Other authors / contributors: | International Monetary Fund, publisher.
International Monetary Fund. Monetary and Capital Markets Department, author.
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| ISBN: | 9781484393468
1484393465
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| ISSN: | 1934-7685
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| Notes: | "June 2016."
"March 2016; prepared by Monetary and Capital Markets Department"--Page 2 of pdf.
Includes bibliographical references.
Online resource; title from pdf title page (IMF.org website, viewed June 22, 2016).
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| Summary: | Supervision of financial market infrastructures (FMIs) in the U.K. has significantly strengthened in recent years; the Bank of England (BoE) is one of the leaders worldwide in shaping reforms in this area. The decision to make the BoE the lead supervisor for all FMIs was appropriate in view of the systemic importance of FMIs, and enabled a consistent implementation of the CPSS-IOSCO Principles for Financial Market Infrastructures (PFMI) across all types of FMIs. Supervisory practices have become more formalized, disciplined, and standardized. In addition, the number of supervisory staff has increased. This combination under the one roof of FMI supervision, along with PRA's prudential supervision of FMI participants and central bank services allows for an approach that focuses on the resilience of FMIs in a broader context.
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| Other form: | Print Version: United Kingdom : Financial Sector Assessment Program-Supervision and Systemic Risk Management of Financial Market Infrastructures-Technical Note. Washington, D.C. : International Monetary Fund, 2016. 9781484393468
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| Standard no.: | 10.5089/9781484393468.002
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