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

Author: International Monetary Fund

Volume/Issue: Volume 2011 Issue 284

Publication date: September 2011

ISBN: 9781463903558

$20.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats


English

Prices in red indicate formats that are not yet available but are forthcoming.

Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Finance , Public Finance , ISCR , CR , default procedure , clearing activity , Clearing risk committee , financial market , NOMX DM's member , NOMX STO , liquidity risk , end customer , agent customer clearing model , clearing member , situations NOMX DM , Collateral , Central counterparty clearing house , Small taxpayer office , Legal support in revenue administration , Global

Also of interest

Grenada

Peru

Nepal

Republic of Congo : 2001 Article IV

Summary

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.