文章基本信息

标题：Prudential and oversight requirements for securities settlement
本地全文：下载
作者：Daniela Russo ; Giacomo Caviglia ; Chryssa Papathanassiou 等
期刊名称：Euro Area Balance of Payments and International Investment Position Statistics
印刷版ISSN：1830-3420
电子版ISSN：1830-3439
出版年度：2007
卷号：1
出版社：European Central Bank
摘要：Securities settlement systems (SSSs) have become an important component of the domestic and global fi nancial infrastructure as securities markets have become an increasingly important channel for the fl ows of funds between borrowers and lenders, and investors have started managing their securities portfolios more actively. Thus, weaknesses in SSSs can be a source of systemic disturbance for securities markets and for other payment and settlement systems. It is for this reason that the international community has increasingly focused on the soundness, safety and resilience of the posttrading infrastructure, when assessing the strengths and vulnerabilities of the fi nancial markets in various countries. In the fi eld of payment and settlement systems, the internationally recognised standard-setting body is the Committee on Payment and Settlement Systems (CPSS) of the central banks of the Group of Ten countries1, which, when dealing with securities infrastructures, cooperates with the Technical Committee of the International Organization of Securities Commissions (IOSCO).