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The People's Republic of China :, Financial Sector Assessment Program; Systemic Oversight of Financial Market Infrastructures - Technical Note

This Technical Note analyzes financial stability issues related to financial market infrastructures (FMIs) in China. Since the previous Financial Sector Assessment Program, the supervision and oversight of FMIs has strengthened through the adoption of the CPSS–IOSCO (Committee on Payment and Settlement Systems/International Organization of Securities Commissions) Principles for FMIs (PFMI). The public adoption of the PFMI by the authorities in 2013 and the establishment of an interagency platform to assess FMIs are commendable. Full implementation of the principles by FMIs is the next step and is expected to enhance the resilience and stability of the FMIs
Table Of Contents
Cover -- CONTENTS -- Glossary -- EXECUTIVE SUMMARY -- INTRODUCTION -- DESCRIPTION OF FMIS IN CHINA -- A. Overview of FMIs -- B. Overview of the Supervisory and Oversight Framework -- C. Recent Developments -- ANALYSIS OF SELECTED ISSUES -- A. Oversight and Supervision of FMIs -- B. System Wide Risks -- C. Analysis of HVPS and SHCH -- BOX -- 1. The Five Responsibilities of the PFMI -- FIGURES -- 1. FMI Landscape -- 2. Network Graph for the Main FMIs in China and their Members -- 3. Number of Members (Y axis) and their Number of Memberships in FMIs (X axis) -- 4. Percentage of Members Responsible for Exposure in Each CCP -- TABLES -- 1. Recommendations -- 2. Overview of Authorities Responsible for FMIs -- 3. Overlapping Participants between FMIs -- APPENDICES -- I. 2011 FSAP and CPMI-IOSCO Implementation Monitoring Assessment Results -- II. Description of FMI Landscape -- III. Statistics of FMIs -- IV. Systemic Risk Indicator Domestic FMIs
Literary Form
non fiction
Physical Description
1 online resource (40 pages)
Specific Material Designation
Form Of Item

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