European Parliament Library

Italy :, Technical Note on Financial Risk Management and Supervision of Cassa Di Compensazione e Garanzia S.P.A

This Technical Note analyzes financial risk management and supervision of Cassa Di Compensazione e Garanzia S.P.A. (CC&G) in Italy. CC&G, the Italian central counterparty (CCP), is systemically important for the Italian market, and through the link with the French CCP, it is also relevant in terms of cross-border financial stability. CC&G’s financial risk management framework is being improved further to comply with European Market Infrastructure Regulation (EMIR) requirements. The main changes that CC&G needs to implement include higher “skin in the game” resources, the introduction of concentration limits on collateral, the reform of its liquidity management and of its investment policy, and introduction of individual client account segregation
Table Of Contents
Cover; CONTENTS; GLOSSARY; EXECUTIVE SUMMARY; TABLE; 1. Italy FSAP: Main Recommendations and Suggestions on CC&G's Financial Risk Management and Supervision; INTRODUCTION; CC&G'S FINANCIAL RISK MANAGEMENT; A. Overview of CC&G Financial Risk Management Framework; B. Main Issues in Relation with CC&G's Financial Risk Management; SUPERVISORY AND OVERSIGHT ARRANGEMENTS FOR CC&G; A. Overview of CC&G's Supervision and Oversight; B. Main Issues in Relation to CC&G's Supervision and Oversight; APPENDIXES; I. Overview of CC&G, The Market it Serves, and Its Legal Framework
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (38 p.)
Specific Material Designation
Form Of Item

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