India Financial Sector Assessment Program : Detailed Assessment of Observance of Clearing Corporation of India Limited Central Counterparty and Trade Repository

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作者：

Cirasino, Massimo

来源地址：

http://hdl.handle.net/10986/29266

关键词：

SECURITIES;  DERIVATIVES;  CLEARING AND SETTLEMENT;  RISK MANAGEMENT;  GOVERNANCE;  CREDIT RISK;  Report;  Rapport;  Informe; 

年份：

2017

出版地：

Washington,USA

语种：

English

摘要：

The present document is the assessment of two Financial Market Infrastructures (FMI) operated by the Clearing Corporation of India (CCIL) in India – the Central Counter Party (CCP) and Trade Repository (TR); and the responsibilities of the authorities - against the Committee on Payments and Market Infrastructures (CPMI) and International Organization of Securities Commissions (IOSCO) Principles for Financial Market Infrastructures (PFMIs). The assessment was conducted through a country visit in the context of the India Financial Sector Assessment Program (FSAP) in March 2017. The information used in the assessment includes relevant laws, bye-laws, regulations, rules and procedures governing the systems, and other available material. In addition, extensive discussions were held with the Reserve Bank of India (RBI), the Securities and Exchange Board of India (SEBI), CCIL and its participants. The reports produced as part of the CPMI-IOSCO Level 1 and Level 2 implementation monitoring exercises were used for the assessment of the responsibilities of the authorities. This assessment uses the methodology presented in the CPMI-IOSCO publication – Principles for financial market infrastructures: Disclosure Framework and Assessment Methodology (December, 2012).