India Financial Sector Assessment Program : Detailed Assessment of Observance of Clearing Corporation of India Limited Central Counterparty and Trade Repository
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 authorit...
| Main Authors: | , |
|---|---|
| Format: | Report |
| Language: | English |
| Published: |
World Bank, Washington, DC
2018
|
| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/502811516303508722/India-CPMI-IOSCO-principles-for-financial-market-infrastructures http://hdl.handle.net/10986/29266 |
| Summary: | 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). |
|---|