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Prudential and oversight requirements for securities settlement

Author

Listed:
  • Russo, Daniela
  • Caviglia, Giacomo
  • Papathanassiou, Chryssa
  • Rosati, Simonetta

Abstract

This paper analyses the current national and international regulatory regimes relevant for European banks, CSDs and ICSDs, and compares them with the requirements in order to answer the following questions: Is there any overlap between the provisions of the CPSS-IOSCO Recommendations and the existing international and national requirements to which European SSSs and banks are subject? Are current provisions equivalent or more restrictive ("super-equivalent") for banks and CSDs? In what respect? Does the overlap between the CPSS-IOSCO Recommendations and existing regulation result in double requirements? This paper presents the results of this comparative analysis and attempts to answer such questions. JEL Classification: G21, G28

Suggested Citation

  • Russo, Daniela & Caviglia, Giacomo & Papathanassiou, Chryssa & Rosati, Simonetta, 2007. "Prudential and oversight requirements for securities settlement," Occasional Paper Series 76, European Central Bank.
  • Handle: RePEc:ecb:ecbops:200776
    Note: 552524
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    References listed on IDEAS

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    Keywords

    oversight requirements; Securities settlement;

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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