Chile Financial Sector Assessment Program : Detailed Assessment Report of the Responsibilities of the Authorities
The Central Bank of Chile (Banco Central de Chile, BCCh) and Chile’s Ministry of Finance, requested the World Bank to undertake a stand-alone Review of Standards and Codes (ROSC) module of the Principles for Financial Market Infrastructures (PFMI)...
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World Bank, Washington, DC
2016
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| Online Access: | http://documents.worldbank.org/curated/en/166331480931055988/Chile-Financial-sector-assessment-program-detailed-assessment-report-of-the-responsibilities-of-the-authorities http://hdl.handle.net/10986/25721 |
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okr-10986-257212021-05-25T09:51:55Z Chile Financial Sector Assessment Program : Detailed Assessment Report of the Responsibilities of the Authorities World Bank Group clearing and settlement financial oversight financial regulation The Central Bank of Chile (Banco Central de Chile, BCCh) and Chile’s Ministry of Finance, requested the World Bank to undertake a stand-alone Review of Standards and Codes (ROSC) module of the Principles for Financial Market Infrastructures (PFMI) of the Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commission (IOSCO). total of five financial market infrastructures (FMIs) were assessed as part of this ROSC, although one of these operates both as a central counterparty (CCP) and as a securities settlement system (SSS) for different segments of the exchange-traded securities market, and as a result a total of six FMI assessments were produced by the team. In addition, the Responsibilities of Authorities for FMIs were assessed. On this basis, the World Bank Group (WBG) team and the local team conducted detailed interviews with senior and mid-level managers of all the respective institutions, and prepared the assessment reports. In addition to the self-assessments, other sources of information included the applicable laws and regulations, as well as each FMI’s main policies and internal documents (e.g. detailed policies, and processes and procedures for certain key areas) which were shared by the FMIs with the assessors, and other information available at each FMI’s website (e.g. statistics). The WBG and local teams also met with a number of users of these FMIs, including two large commercial banks and two brokers-dealers that are not part of local bank-lead conglomerates. The assessment report covers the Responsibilities of central banks, market regulators, and other relevant authorities for the above-mentioned financial market infrastructures 2016-12-12T23:12:48Z 2016-12-12T23:12:48Z 2016-05 Report http://documents.worldbank.org/curated/en/166331480931055988/Chile-Financial-sector-assessment-program-detailed-assessment-report-of-the-responsibilities-of-the-authorities http://hdl.handle.net/10986/25721 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Financial Sector Assessment Program Latin America & Caribbean Chile |
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Digital Repository |
| institution_category |
Foreign Institution |
| institution |
Digital Repositories |
| building |
World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English en_US |
| topic |
clearing and settlement financial oversight financial regulation |
| spellingShingle |
clearing and settlement financial oversight financial regulation World Bank Group Chile Financial Sector Assessment Program : Detailed Assessment Report of the Responsibilities of the Authorities |
| geographic_facet |
Latin America & Caribbean Chile |
| description |
The Central Bank of Chile (Banco Central
de Chile, BCCh) and Chile’s Ministry of Finance, requested
the World Bank to undertake a stand-alone Review of
Standards and Codes (ROSC) module of the Principles for
Financial Market Infrastructures (PFMI) of the Committee on
Payments and Market Infrastructures (CPMI) and the
International Organization of Securities Commission (IOSCO).
total of five financial market infrastructures (FMIs) were
assessed as part of this ROSC, although one of these
operates both as a central counterparty (CCP) and as a
securities settlement system (SSS) for different segments of
the exchange-traded securities market, and as a result a
total of six FMI assessments were produced by the team. In
addition, the Responsibilities of Authorities for FMIs were
assessed. On this basis, the World Bank Group (WBG) team and
the local team conducted detailed interviews with senior and
mid-level managers of all the respective institutions, and
prepared the assessment reports. In addition to the
self-assessments, other sources of information included the
applicable laws and regulations, as well as each FMI’s main
policies and internal documents (e.g. detailed policies, and
processes and procedures for certain key areas) which were
shared by the FMIs with the assessors, and other information
available at each FMI’s website (e.g. statistics). The WBG
and local teams also met with a number of users of these
FMIs, including two large commercial banks and two
brokers-dealers that are not part of local bank-lead
conglomerates. The assessment report covers the
Responsibilities of central banks, market regulators, and
other relevant authorities for the above-mentioned financial
market infrastructures |
| format |
Report |
| author |
World Bank Group |
| author_facet |
World Bank Group |
| author_sort |
World Bank Group |
| title |
Chile Financial Sector Assessment Program : Detailed Assessment Report of the Responsibilities of the Authorities |
| title_short |
Chile Financial Sector Assessment Program : Detailed Assessment Report of the Responsibilities of the Authorities |
| title_full |
Chile Financial Sector Assessment Program : Detailed Assessment Report of the Responsibilities of the Authorities |
| title_fullStr |
Chile Financial Sector Assessment Program : Detailed Assessment Report of the Responsibilities of the Authorities |
| title_full_unstemmed |
Chile Financial Sector Assessment Program : Detailed Assessment Report of the Responsibilities of the Authorities |
| title_sort |
chile financial sector assessment program : detailed assessment report of the responsibilities of the authorities |
| publisher |
World Bank, Washington, DC |
| publishDate |
2016 |
| url |
http://documents.worldbank.org/curated/en/166331480931055988/Chile-Financial-sector-assessment-program-detailed-assessment-report-of-the-responsibilities-of-the-authorities http://hdl.handle.net/10986/25721 |
| _version_ |
1764459984803856384 |