European Parliament Library

United States :, Publication of Financial Sector Assessment Program Documentation: Detailed Assessment of Observance of the Depository Trust Company’s Observance of the CPSS-IOSCO Recommendations for Securities Settlement Systems

Abstract
This paper discusses key findings of the Detailed Assessment of Observance of the Depository Trust Company’s Observance of the Committee on Payment and Settlement Systems/International Organization of Securities Commissions (CPSS–IOSCO) Recommendations for Securities Settlement Systems for the United States. The assessment reveals that the legal framework provides a high degree of legal assurance that transactions are enforceable. The membership agreement into which participants enter is enforceable under New York State law. The assessment recommends that securities settlement systems should have a well-founded, clear, and transparent legal basis in the relevant jurisdictions
Table Of Contents
Cover; Contents; Glossary; Tables; 1. Detailed Assessment of Observance of the Depository Trust Company (DTC) of the CPSS-IOSCO Recommendations for Securities Settlement Systems; 2. Summary of the Detailed Assessment of the Observance of DTC of the CPSS-IOSCO Recommendations for Securities Settlement Systems; 3. Actions to Improve Compliance
Language
eng
Literary Form
non fiction
Note
Description based upon print version of record
Physical Description
1 online resource (43 p.)
Specific Material Designation
remote
Form Of Item
online
Isbn
9781455286270

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