Chile Financial Sector Assessment Program : Detailed Assessment Report of LBTR, Sistema de Liquidacion Bruta en Tiempo Real
Chile has fairly developed payment, clearing, and settlement infrastructures. Sistema liquidación bruta en tiempo real (real time gross settlement) (LBTR) is largely compliant with the principles for financial market infrastructures (PFMI), and is...
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| Online Access: | http://documents.worldbank.org/curated/en/873121481018634552/Chile-Financial-sector-assessment-program http://hdl.handle.net/10986/25717 |
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okr-10986-257172021-05-25T08:56:03Z Chile Financial Sector Assessment Program : Detailed Assessment Report of LBTR, Sistema de Liquidacion Bruta en Tiempo Real World Bank Group clearing and settlement financial oversight financial regulation risks Chile has fairly developed payment, clearing, and settlement infrastructures. Sistema liquidación bruta en tiempo real (real time gross settlement) (LBTR) is largely compliant with the principles for financial market infrastructures (PFMI), and is sound from an operations perspective. ComBanc has been also assessed as sound from a (financial, operational) risk management perspective. Additional steps to improve compliance of ComBanc with the PFMI are warranted, especially with regard to governance arrangements and management of investments risk. A total of five financial market infrastructures (FMIs) were assessed as part of review of standards and codes (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. The main tool used by the assessment was the CPSS-IOSCO assessment methodology for the principles for financial market infrastructure and the responsibilities of authorities. 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 (for example, 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 (for example, statistics). 2016-12-12T23:11:57Z 2016-12-12T23:11:57Z 2016-05 Report http://documents.worldbank.org/curated/en/873121481018634552/Chile-Financial-sector-assessment-program http://hdl.handle.net/10986/25717 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 |
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Foreign Institution |
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Digital Repositories |
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World Bank Open Knowledge Repository |
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World Bank |
| language |
English en_US |
| topic |
clearing and settlement financial oversight financial regulation risks |
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clearing and settlement financial oversight financial regulation risks World Bank Group Chile Financial Sector Assessment Program : Detailed Assessment Report of LBTR, Sistema de Liquidacion Bruta en Tiempo Real |
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Latin America & Caribbean Chile |
| description |
Chile has fairly developed payment,
clearing, and settlement infrastructures. Sistema
liquidación bruta en tiempo real (real time gross
settlement) (LBTR) is largely compliant with the principles
for financial market infrastructures (PFMI), and is sound
from an operations perspective. ComBanc has been also
assessed as sound from a (financial, operational) risk
management perspective. Additional steps to improve
compliance of ComBanc with the PFMI are warranted,
especially with regard to governance arrangements and
management of investments risk. A total of five financial
market infrastructures (FMIs) were assessed as part of
review of standards and codes (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. The main tool used by the assessment was the
CPSS-IOSCO assessment methodology for the principles for
financial market infrastructure and the responsibilities of
authorities. 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 (for example, 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 (for example, statistics). |
| 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 LBTR, Sistema de Liquidacion Bruta en Tiempo Real |
| title_short |
Chile Financial Sector Assessment Program : Detailed Assessment Report of LBTR, Sistema de Liquidacion Bruta en Tiempo Real |
| title_full |
Chile Financial Sector Assessment Program : Detailed Assessment Report of LBTR, Sistema de Liquidacion Bruta en Tiempo Real |
| title_fullStr |
Chile Financial Sector Assessment Program : Detailed Assessment Report of LBTR, Sistema de Liquidacion Bruta en Tiempo Real |
| title_full_unstemmed |
Chile Financial Sector Assessment Program : Detailed Assessment Report of LBTR, Sistema de Liquidacion Bruta en Tiempo Real |
| title_sort |
chile financial sector assessment program : detailed assessment report of lbtr, sistema de liquidacion bruta en tiempo real |
| publisher |
World Bank, Washington, DC |
| publishDate |
2016 |
| url |
http://documents.worldbank.org/curated/en/873121481018634552/Chile-Financial-sector-assessment-program http://hdl.handle.net/10986/25717 |
| _version_ |
1764459973968920576 |