European Parliament Library

Sweden :, Financial Sector Assessment Program Update-Detailed Assessment of Observance on NASDAQ OMX DM Observance of the CPSS-IOSCO Recommendations for Central Counterparties

This paper is a detailed assessment of NOMX DM, undertaken in the context of the IMF Financial Sector Assessment Program (FSAP) Update for Sweden in 2011. NOMX DM, the only Central Counter-parties (CCP) in Sweden, has provided clearing services for equity, fixed income derivatives, and repo transactions since 2010. Even though NOMX DM has a comprehensive risk management framework, relevant points were brought up in the assessment related to governance and risk management. Swedish authorities have taken necessary measures to improve the system
Table Of Contents
Cover; Contents; Glossary; I. Information and Methodology Used for Assessment; II. Institutional and Market Structure-Overview; III. Regulatory Framework and Oversight; IV. Main Findings; Legal framework (Rec. 1); Tables; 1. Key Statistics of NOMX DM, 2006-10; Participation requirements (Rec. 2); Financial risk management (Rec. 3-6); Custody and investment risks (Rec. 7); Operational risk (Rec. 8); Money settlements (Rec. 9); Physical deliveries (Rec. 10); Risks in links between CCP (Rec. 11); Efficiency (Rec. 12); Governance (Rec. 13); Transparency (Rec. 14)
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (51 p.)
Specific Material Designation
Form Of Item

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