Denmark : Financial Sector Assessment Program-Detailed Assessment of the Core Principles for Systemically Important Payment Systems.

Format:

Book

Government document

Author/Creator:

International Monetary Fund.

Series:

IMF Staff Country Reports; Country Report ; No. 2007/120

IMF Staff Country Reports

Language:

English

Subjects (All):

International Monetary Fund--Denmark.

International Monetary Fund.

Finance--Denmark.

Finance.

Payment--Denmark.

Payment.

Denmark--Economic policy.

Denmark.

Physical Description:

1 online resource (64 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2007.

Language Note:

English

Summary:

This paper discusses key findings of the Detailed Assessment of the Core Principles for Systemically Important Payment Systems for Denmark. The main counterparties for the assessment were Danmarks Nationalbank and the Danish Financial Supervisory Authority Finanstilsynet. The assessment recommends that the system should have a well-founded legal basis under all relevant jurisdictions. The system’s rules and procedures should enable participants to have a clear understanding of the system’s impact on each of the financial risks they incur through participation in it.

Contents:

Cover; Contents; Glossary; I. Introduction; A. General; B. Scope of the Assessment; C. Information and Methodology Used for Assessment; D. Institutional and Market Structure-Overview; E. Payment Systems Infrastructure; II. Assessment of the Core Principles and Central Bank Responsibilities; Tables; 1. Detailed Assessment of Observance of KRONOS of the CPSS Core Principles for Systemically Important Payment Systems; 2. Summary Observance of KRONOS with the CPSS Core Principles; 3. Recommended Actions to Improve Observance of KRONOS with the CPSS Core Principles

4. Detailed Assessment of Observance of Sumclearing of the CPSS Core Principles for Systemically Important Payment Systems5. Summary Observance of the Sumclearing of the CPSS Core Principles; 6. Recommended Actions to Improve Observance of the Sumclearing of the CPSS Core Principles; 7. Assessment of Observance of Danmarks Nationalbank of the Responsibilities of the of the Central Bank in Applying the Core Principles; 8. Summary Observance of Danmarks Nationalbank of the Responsibilities of the Central Bank in Applying the Core Principles

9. Recommended Actions to Improve Observance of the Responsibilities of the Central Bank in Applying the Core Principles10. Observance of Core Principles for Systemically Important Payment Systems

Notes:

Description based upon print version of record.

Description based on online resource; title from PDF copyright page (ebrary, viewed July 01, 2015).

ISBN:

9786613743503

9781455230952

1455230952

9781452757667

1452757666

9781280921322

1280921323

9781452783161

1452783160