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Italy : Technical Note on Financial Risk Management and Supervision of Cassa Di Compensazione e Garanzia S.P.A.
- Format:
- Book
- Government document
- Author/Creator:
- International Monetary Fund. Monetary and Capital Markets Department.
- Series:
- IMF Staff Country Reports; Country Report ; No. 2013/351
- IMF Staff Country Reports
- Language:
- English
- Subjects (All):
- Financial crises--Italy.
- Financial crises.
- Financial institutions--Italy.
- Financial institutions.
- Physical Description:
- 1 online resource (38 p.)
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 2013.
- Language Note:
- English
- Summary:
- This Technical Note analyzes financial risk management and supervision of Cassa Di Compensazione e Garanzia S.P.A. (CC&G) in Italy. CC&G, the Italian central counterparty (CCP), is systemically important for the Italian market, and through the link with the French CCP, it is also relevant in terms of cross-border financial stability. CC&G’s financial risk management framework is being improved further to comply with European Market Infrastructure Regulation (EMIR) requirements. The main changes that CC&G needs to implement include higher “skin in the game” resources, the introduction of concentration limits on collateral, the reform of its liquidity management and of its investment policy, and introduction of individual client account segregation.
- Contents:
- Cover; CONTENTS; GLOSSARY; EXECUTIVE SUMMARY; TABLE; 1. Italy FSAP: Main Recommendations and Suggestions on CC&G's Financial Risk Management and Supervision; INTRODUCTION; CC&G'S FINANCIAL RISK MANAGEMENT; A. Overview of CC&G Financial Risk Management Framework; B. Main Issues in Relation with CC&G's Financial Risk Management; SUPERVISORY AND OVERSIGHT ARRANGEMENTS FOR CC&G; A. Overview of CC&G's Supervision and Oversight; B. Main Issues in Relation to CC&G's Supervision and Oversight; APPENDIXES; I. Overview of CC&G, The Market it Serves, and Its Legal Framework
- II. The European Regulation on OTC Derivatives, Central Counterparties, and Trade Repositories (EMIR)III. Subset of the PFMIS Used As A Reference; IV. Current CC&G's Risk Management Framework; V. Current CC&G's Oversight and Supervision
- Notes:
- Description based upon print version of record.
- Description based on online resource; title from PDF title page (ebrary, viewed January 19, 2014).
- ISBN:
- 9781475529302
- 1475529309
- 9781475533040
- 1475533047
- 9781475533521
- 1475533527
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