Recommendations for Central Counterparties
Author: Group of Ten. Committee on Payment and Settlement Systems
Publisher:
Published: 2004
Total Pages: 80
ISBN-13:
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Albania
Author: International Monetary Fund. European Dept.
Publisher: International Monetary Fund
Published: 2014-03-19
Total Pages: 95
ISBN-13: 1484339061
DOWNLOAD EBOOKThis paper discusses the Financial System Stability Assessment report on Albania. The IMF report states that the Albanian economy is weak, macroeconomic imbalances are large, and the financial sector faces several risks. Capital-to-asset ratios are sizable, but banks hold large amounts of government bonds that expose banks to sizeable losses in case of a sovereign debt re-pricing and balance sheets have deteriorated as a result of a rapid increase of nonperforming loans (NPLs). The authorities have taken steps to reduce the existing stock of NPLs with technical assistance from the World Bank.
Barbados
Author: International Monetary Fund. Monetary and Capital Markets Department
Publisher: International Monetary Fund
Published: 2014-02-12
Total Pages: 64
ISBN-13: 1484300408
DOWNLOAD EBOOKThis paper discusses key findings of the Financial System Stability Assessment Report on Barbados. Barbados has a relatively well-developed financial system, including a large offshore sector. The onshore system is dominated by large, regionally active banks. Banking services to the population are also provided by the credit union sector. With a deteriorating fiscal situation and weak growth prospects, Barbados faces considerable macroeconomic vulnerabilities. Although the financial system does not appear to be a source of immediate risk, its position appears to be deteriorating, with implications for systemic stability.
Sweden
Author: International Monetary Fund
Publisher: International Monetary Fund
Published: 2011-09-16
Total Pages: 35
ISBN-13: 1463903561
DOWNLOAD EBOOKThe Riksbank (RB) has conducted a formal self-assessment of the RIX system's observance of the Core Principles in the context of the IMF Financial Sector Assessment Program, which describes the role of Riksbank-Funds Transfer System (RIX) in maintaining the stability of the Swedish financial system. Riksbank’s Funds Transfer System (RIX) provides facilities for real-time gross settlement (RTGS) in central bank money of Swedish kronor (SEK) payment transactions. The assessment points to opportunities for further improvements in the legal basis and in clearly defining and publicly disclosing its major policies.
The Payment System
Author: Tom Kokkola
Publisher:
Published: 2010
Total Pages: 369
ISBN-13: 9789289906333
DOWNLOAD EBOOK"This book is designed to provide the reader with an insight into the main concepts involved in the handling of payments, securities and derivatives and the organisation and functioning of the market infrastructure concerned. Emphasis is placed on the general principles governing the functioning of the relevant systems and processes and the presentation of the underlying economic, business, legal, institutional, organisational and policy issues. The book is aimed at decision-makers, practitioners, lawyers and academics wishing to acquire a deeper understanding of market infrastructure issues. It should also prove useful for students with an interest in monetary and financial issues."--Introduction (Pg. 20, para 8).
Sweden
Author: International Monetary Fund. Monetary and Capital Markets Department
Publisher: International Monetary Fund
Published: 2016-11-17
Total Pages: 61
ISBN-13: 1475554613
DOWNLOAD EBOOKThis paper discusses the findings of the Financial System Stability Assessment for Sweden. The Swedish financial system is large and highly interconnected, putting a premium on the accompanying policy framework. Relative to the size of the domestic economy, the financial system is among Europe’s largest. It features complex domestic and international linkages, reflecting Sweden’s role as a regional financial hub. However, the macrofinancial risks have grown since 2011, for example the rising share of highly indebted households. Stress tests also suggest that banks and nonbanks are largely resilient to solvency shocks, but concerns persist about the ability of bank models to capture unexpected losses.
General Principles for International Remittance Services
Author: Group of Ten. Committee on Payment and Settlement Systems
Publisher:
Published: 2007
Total Pages: 68
ISBN-13:
DOWNLOAD EBOOKThailand
Author: International Monetary Fund
Publisher:
Published: 2009
Total Pages: 20
ISBN-13: 9781451836882
DOWNLOAD EBOOKThis paper focuses on a detailed assessment of observance of the Committee on Payment and Settlement Systems (CPSS) core principles for systemically important payment systems in Thailand. This assessment covers the Bank of Thailand Automated High-Value Transfer Network (BAHTNET), which is a real-time gross settlement (RTGS) system. The assessment reveals that there is no explicit legislation for payment systems in Thailand. However, the legal basis for BAHTNET and payment transfers executed in this system is defined by a set of laws, regulations, and contractual arrangements.
Saudi Arabia
Author: International Monetary Fund. Monetary and Capital Markets Department
Publisher: International Monetary Fund
Published: 2013-07-19
Total Pages: 45
ISBN-13: 1475556454
DOWNLOAD EBOOKThis paper highlights the Saudi Arabia’s Detailed Assessment of Observance of the Committee on Payment and Settlement Systems Core Principles for systemically important payment systems. The Saudi Arabian Monetary Agency (SAMA) is working to establish its payment system oversight function from an operational perspective. The power of SAMA to oversee the payment systems is stated in the central bank and banking laws. The powers of the central bank to operate, regulate, and oversee the payment systems are not detailed in the law and could be also covered by the proposed Payment System Law. Many critical aspects relating to the payment and securities settlement systems are covered in the legal framework.
People’s Republic of China
Author: International Monetary Fund
Publisher: International Monetary Fund
Published: 2012-04-05
Total Pages: 57
ISBN-13: 1475502990
DOWNLOAD EBOOKThe assessment report on the observance of China’s compliance with the Committee for Payment and Settlement System's core principles for systemically important payment systems is examined. Domestic foreign exchange transactions are mostly executed at the China Foreign Exchange Trade Center. Domestic payments are handled through a diverse variety of payment systems, mainly operated by the People's Bank of China, except for cards and some local clearinghouses. Real-time remittances, bills, and cheque-clearing services are widely available to the financial institutions serving the rural areas.
