Minimum standards of the Lamfalussy Report - Revision history

Doug: Add link.

2024-01-27T01:16:56Z

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← Older revision		Revision as of 01:16, 27 January 2024
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	== See also ==		== See also ==
			* [[Admission]]
	* [[Bank for International Settlements]]		* [[Bank for International Settlements]]
	* [[Lamfalussy Standards]]		* [[Lamfalussy Standards]]

imported>Doug Williamson: Classify page.

2022-04-14T10:16:49Z

Classify page.

← Older revision		Revision as of 10:16, 14 April 2022
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	The six minimum standards for the design and operation of cross-border and multi-currency netting schemes or systems.		The six minimum standards for the design and operation of cross-border and multi-currency netting schemes or systems.


	The standards are:		The standards are:
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	== See also ==		== See also ==
			* [[Bank for International Settlements]]
	* [[Lamfalussy Standards]]		* [[Lamfalussy Standards]]
	* [[Netting]]		* [[Netting]]

			[[Category:Accounting,_tax_and_regulation]]
			[[Category:The_business_context]]

imported>Doug Williamson: Spacing and italics added 22/8/13

2013-08-22T09:03:59Z

Spacing and italics added 22/8/13

← Older revision		Revision as of 09:03, 22 August 2013
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	The six minimum standards for the design and operation of cross-border and multi-currency netting schemes or systems. The standards are:		The six minimum standards for the design and operation of cross-border and multi-currency netting schemes or systems.

			The standards are:

	i. Netting systems should have a well-founded legal basis under all relevant jurisdictions.		i. Netting systems should have a well-founded legal basis under all relevant jurisdictions.
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	vi. All netting schemes should ensure the operational reliability of technical systems and the availability of backup facilities capable of completing daily processing requirements.		vi. All netting schemes should ensure the operational reliability of technical systems and the availability of backup facilities capable of completing daily processing requirements.

	Also known as the Lamfalussy Standards.
			''Also known as the Lamfalussy Standards.''


	== See also ==		== See also ==
	* [[Lamfalussy Standards]]		* [[Lamfalussy Standards]]
	* [[Netting]]		* [[Netting]]

imported>Administrator: CSV import

2012-10-23T14:20:04Z

CSV import

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The six minimum standards for the design and operation of cross-border and multi-currency netting schemes or systems. The standards are:

i. Netting systems should have a well-founded legal basis under all relevant jurisdictions.

ii. Netting scheme participants should have a clear understanding of the impact of the particular scheme on each of the financial risks affected by the netting process.

iii. Multilateral netting systems should have clearly defined procedures for the management of credit risks and liquidity risks which specify the respective responsibilities of the netting provider and the participants. These procedures should also ensure that all parties have both the incentives and the capabilities to manage and contain each of the risks they bear and that limits are placed on the maximum level of credit exposure that can be produced by each participant.

iv. Multilateral netting systems should, at a minimum, be capable of ensuring the timely completion of daily settlements in the event of an inability to settle by the participant with the largest single net debit position.

v. Multilateral netting systems should have objective and publicly disclosed criteria for admission which permit fair and open access; and

vi. All netting schemes should ensure the operational reliability of technical systems and the availability of backup facilities capable of completing daily processing requirements.

Also known as the Lamfalussy Standards.

== See also ==
* [[Lamfalussy Standards]]
* [[Netting]]