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Securities Settlement Systems in Latin-America World Bank Global Survey 2010

Securities Settlement Systems in Latin-America World Bank Global Survey 2010. ACSDA 3rd. Leadership Forum Buenos Aires, 9 November 2011 Corina Arteche Serra PSDG - The World Bank. The World Bank – Global Survey 2010. Answers received from 132 Central Banks, representing 139 countries

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Securities Settlement Systems in Latin-America World Bank Global Survey 2010

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  1. Securities Settlement Systems in Latin-America World Bank Global Survey 2010 ACSDA 3rd. Leadership ForumBuenos Aires, 9 November 2011 Corina Arteche Serra PSDG - The World Bank

  2. The World Bank – Global Survey 2010 • Answers received from 132 Central Banks, representing 139 countries • Topic Covered: • Legal and Regulatory Framework • Large-Value Funds Transfer Systems • Retail Payment Systems • Foreign Exchange Settlement Systems • Cross-border Payments and International Remittances • Securities Settlement Systems • Payment System Oversight and Cooperation • Planned and On-going Reforms to the National Payments System • New Annex 1Survey on innovations in retail payments. Annex 1 is divided into 5 key areas • Type of Products • Design Features of the Products • Legal and Regulatory Framework • Statistics • Planned Reforms/New Products 2

  3. Securities Settlement Systems 3

  4. Securities Settlement Systems: Legal and Regulatory FrameworkGlobal Survey 2010 Total: 56LAC: 6 4

  5. Securities Settlement Systems: General FeaturesGlobal Survey 2010 Total: 119LAC: 17 5

  6. General features of Securities Clearing and Settlement SystemsGlobal Survey 2010 Total: 119LAC: 17 6

  7. Central Securities Depositories 7

  8. CSD: General featuresGlobal Survey 2010 Total: 149LAC: 22 8

  9. CSD: Risk Management FeaturesGlobal Survey 2010 Total: 149LAC: 22 9

  10. CSD: Business ContinuityGlobal Survey 2010 Total: 149LAC: 22 10

  11. Central Counterparties 11

  12. CCP: General FeaturesGlobal Survey 2010 Total: 56LAC: 6 12

  13. CCP: Management risk featuresGlobal Survey 2010 Total: 56LAC: 6 13

  14. CCP: Business ContinuityGlobal Survey 2010 Total: 56LAC: 6 14

  15. Conclusions • The Global Survey shows increased compliance with some of the international standards however some improvements are still necessary. • Legal and Regulatory Framework: custody arrangements, multilateral netting arrangements and bankruptcy procedures • Cooperation arrangements between the Central bank and the Security Regulator • SSS and funds transfer (payment) systems are not adequately integrated • Risk control mechanisms for CSD and CCP 15

  16. PPP Goals Thank you Corina Arteche carteche@worldbank.org Payment Systems Development Group The World Bank www.worldbank.org/paymentsystems 16

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