24 results on '"TRANSFER OF FUNDS"'
Search Results
2. Bank's Liability in Electronic Fund Transfers and its Legal Effects.
- Author
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Al Smadi, Essa Lafi, Al-Freihat, Mohammad Shafiq, Alqudah, Muntaser Ahmad, Alsmadi, Mamoon Suliman, and boutosh, Ahmad Fahad
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ELECTRONIC funds transfers ,BANKING laws ,APPLICABLE laws ,TRANSFER payments ,CHECKS ,ELECTRONIC systems - Abstract
The bank, as a legal person, can typically be held legally liable under civil, penal, and administrative law for actions it performs. Liability, in general, arises from contractual obligations or tort. The electronic fund transfer process (EFT) is an example of the bank's contractual obligation. The applicable law and its specificity determine electronic contracts' legality and probative value. This research aims to clarify the position of the Jordanian legislator regarding the EFT payment process and the legal consequences and risks related to this process. It also aims to determine banks' liability for executing EFT operations in case of tort or negligence. The researchers employed the analytical and deductive approach. The results indicated that the Jordanian legislation in Electronic Transactions Law No. (15) of 2015, the system of payment and electronic transfer of funds 2017, and the Banking Law No. (7) of 2019 have granted electronic bonds the same probative value as the traditional bond. However, numerous legislative texts still require revision or replacement to accommodate the demands of commercial and economic transactions. For example, specific regulations for banking e-payment and funding operations and transfers should be included. [ABSTRACT FROM AUTHOR] more...
- Published
- 2024
- Full Text
- View/download PDF
Catalog
3. ПРАВОВІ АСПЕКТИ ОРГАНІЗАЦІЇ БЕЗГОТІВКОВИХ РОЗРАХУКІВ У ДІЯЛЬНОСТІ СУБ’ЄКТІВ ГОСПОДАРЮВАННЯ.
- Author
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Миколайович, БРАЙЧЕНКО Сергі&, Семенович, КОЛІСНИК Артем, Віталіївна, Майстренко Світ&, and Миколаївна, ФОМЕНКО Валенти&
- Abstract
Copyright of Financial Space is the property of Cherkasy Institute of Banking, University of Banking of the National Bank of Ukraine and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.) more...
- Published
- 2021
- Full Text
- View/download PDF
4. Host States' Monetary Sovereignty Within the Construct of Bilateral Investment Treaties.
- Author
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Aniodoh, Adaeze Agatha
- Subjects
- *
INVESTMENT treaties -- Law & legislation , *MONETARY systems , *ELECTRONIC funds transfer laws , *GLOBALIZATION ,SOUTH Africa economic development - Abstract
This article considers assertions of the diminution of the monetary sovereignty of host states when they sign bilateral investment treaties. It discusses monetary transfer provisions in the model BITs of South Africa and Egypt and how their construction can affect states' rights to regulatory autonomy in mitigating financial crises. This has become imperative in light of recent discussions on the possibilities for a systemic overhaul of BIT provisions, by pushing back against the diminution of host states' sovereignty in order to respond to the force of globalization. Achieving this would require reform of existing model BITs to introduce appropriate exceptions in order to ensure policy space to protect the public interest. [ABSTRACT FROM AUTHOR] more...
- Published
- 2021
- Full Text
- View/download PDF
5. Βασικές έννοιες τραπεζικού δικαίου
- Author
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Dedouli-Lazaraki, Aikaterini and Argyros, Georgios
- Subjects
Οικονομική και Νομισματική Ένωση ,Εγγυητική επιστολή ,Credit ,Negotiable instruments (bill of exchange, check) ,Eurosystem ,Χρηματοδοτικές συμβάσεις ,Προστασία καταναλωτή τραπεζικών υπηρεσιών ,Μεταφορές κεφαλαίων ,Protection of the consumer of banking services ,Ευρωσύστημα ,Bank guarantee ,Τράπεζα της Ελλάδος ,Finance contracts ,Banking deposit ,Χορήγηση πιστώσεων ,Economic and Monetary Union ,Legal relationship between a bank and a customer ,Banking account ,Τραπεζικό λογαριασμός ,Documentary of credit ,Ευρωπαϊκό Σύστημα Κεντρικών Τραπεζών ,Αξιόγραφα (συναλλαγματική, επιταγή) ,Transfer of funds ,Έννομη σχέση τράπεζας - πελάτη ,European Central Bank ,Bank of Greece ,Ενέγγυα πίστωση ,Ευρωπαϊκή Κεντρική Τράπεζα ,Τραπεζική κατάθεση ,European System of Central Banks - Abstract
The textbook introduces the student to the basic concepts of banking law, seeking to make understood the institutions of the banking system within the European Union and in Greece. Such a fundamental institution is the European Central Bank (ECB) which together with the national central banks of the member states constitute the European System of Central Banks, that serves the Economic and Monetary Union (EMU), which is an advanced form of economic integration within the European Union (EU). The institutional framework of the European Banking Union is under examination; the basic pillars of the EMU and of the banking system within EU are scrutinized; the new framework of a European economic governance is also examined. The relationships between our country and the banking system of the European Union via the Eurosystem are delimited. The Eurosystem consists of the ECB together with the national central banks of the member states that have adopted the euro as their currency. One bank belonging to the Eurosystem is the Bank of Greece. The historical evolution, the competences and the important role the Bank of Greece for the greek banking system is examined. The structure of the greek banking system, within which the Bank of Greece supervises specific credit institutions and financial institutions (within a spirit of good faith and information sharing with ECB), is presented. The concepts of a credit institution and of a financial institution are scrutinized. Furthermore, the textbook examines issues of private banking law, such as the protection of the consumer of banking services, the legal relationship between a bank and a customer, the banking deposit, the banking account, the credit, the bank guarantee and the documentary of credit, certain kinds of negotiable instruments (bill of exchange, check), modern finance contracts, transfer of funds, bank transfers., Το διδακτικό εγχειρίδιο εισάγει τον/ην φοιτητή/ρια στις βασικές έννοιες του τραπεζικού δικαίου, επιχειρώντας να καταστήσει κατανοητούς τους θεσμούς του ενωσιακού και εγχώριου τραπεζικού συστήματος. Τέτοιος θεμελιώδης ενωσιακός θεσμός είναι η Ευρωπαϊκή Κεντρική Τράπεζα (ΕΚΤ), η οποία μαζί με τις λοιπές εθνικές κεντρικές τράπεζες των κρατών μελών αποτελούν το Ευρωπαϊκό Σύστημα Κεντρικών Τραπεζών, το οποίο υπηρετεί την Οικονομική και Νομισματική Ένωση (ΟΝΕ) που είναι μια προχωρημένη μορφή οικονομικής ολοκλήρωσης εντός της Ευρωπαϊκής Ένωσης (ΕΕ). Εξετάζεται το θεσμικό πλαίσιο της Ευρωπαϊκής Τραπεζικής Ένωσης και αναλύονται οι βασικοί πυλώνες της ΟΝΕ και του τραπεζικού συστήματος εντός της Ευρωπαϊκής Ένωσης, καθώς και το νέο πλαίσιο της ευρωπαϊκής οικονομικής διακυβέρνησης. Οριοθετούνται οι σχέσεις της χώρας μας με το ενωσιακό τραπεζικό σύστημα μέσω του Ευρωσυστήματος, το οποίο συνίσταται από την ΕΚΤ μαζί με τις εθνικές κεντρικές τράπεζες των κρατών μελών με νόμισμα το ευρώ, μία εκ των οποίων είναι η Τράπεζα της Ελλάδος. Εξετάζονται η ιστορική εξέλιξη, οι αρμοδιότητες και ο σημαντικός ρόλος της Τράπεζας της Ελλάδος για το ελληνικό τραπεζικό σύστημα. Παρουσιάζεται η διάρθρωση του ελληνικού τραπεζικού συστήματος μέσα στο οποίο η Τράπεζα της Ελλάδος ασκεί εποπτεία επί συγκεκριμένων πιστωτικών ιδρυμάτων και χρηματοδοτικών ιδρυμάτων σε πνεύμα καλόπιστης συνεργασίας και αλληλοενημέρωσης με την ΕΚΤ. Εξετάζονται οι έννοιες του πιστωτικού και του χρηματοδοτικού ιδρύματος. Επιπλέον, το βιβλίο εξετάζει ζητήματα του ιδιωτικού τραπεζικού δικαίου, όπως την προστασία του καταναλωτή τραπεζικών υπηρεσιών, την έννομη σχέση τράπεζας πελάτη, την τραπεζική κατάθεση, τον τραπεζικό λογαριασμό, τη χορήγηση πιστώσεων, την εγγυητική επιστολή και την ενέγγυα πίστωση, ορισμένους τύπους αξιογράφων (συναλλαγματική, επιταγή), σύγχρονες χρηματοδοτικές συμβάσεις, μεταφορές κεφαλαίων, τις συμβάσεις τραπεζικού εμβάσματος και τραπεζικού γύρου. more...
- Published
- 2023
- Full Text
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6. SOME COMMENTS ON THE OFFENCE OF CARRYING OUT OF FINANCIAL OPERATIONS FRAUDULENTLY IN ROMANIAN LEGISLATION.
- Author
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MOISE, Adrian-Cristian
- Subjects
FRAUD ,CRIMINAL codes ,FORGERY ,CRIMINAL law - Abstract
The study performs an analysis of the offence of carrying out of financial operations fraudulently, provided by the Article 250 of the Romanian Criminal Code. When performing the analysis of the offence of carrying out of financial operations fraudulently, it were taken into account the text in force of the offence of carrying out of financial operations fraudulently, provided by the Article 250 of the Romanian Criminal Code, the provisions of the Article 2 and of the Article 4 from the Council Framework Decision 2001/413/JAI of 28 May 2001 on combating fraud and counterfeiting of non-cash means of payment, the provisions of the Article 3 of the the Directive 2014/62/EU of the European Parliament and of the Council of 15 May 2014 on the protection of the euro and other currencies against counterfeiting by criminal law and replacing Council Framework Decision 2000/383/JHA and the provisions from the Proposal for a Directive of the European Parliament and of the Council on combating fraud and counterfeiting of non-cash means of payment and replacing Council Framework Decision 2001/413/JHA. The analysis aims to determine whether the texts of the Council Framework Decision 2001/413/JAI on combating fraud and counterfeiting of non-cash means of payment and of the Directive 2014/62/EU on the protection of the euro and other currencies against counterfeiting by criminal law were transposed in the Article 250 of the Romanian Criminal Code. [ABSTRACT FROM AUTHOR] more...
- Published
- 2018
7. Gaon Panchayats as Local-Self Governments from the viewpoint of the financial autonomy : a study of four selected Gaon Panchayats of Nalbari District of Assam, India.
- Author
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Das, Khagen, Devi, Lanu, and Bhattacharyya, Runu
- Subjects
- *
ELECTRONIC funds transfers , *FINANCE ,POLITICS & government of India - Abstract
The basic emphasis of the 73rd Amendment of the Constitution of India is to ensure the uniformity between the functional responsibilities and the financial resources of the three tier Panchayati Raj Institutions (PRIs) and to provide them functional and financial autonomy to work as effective local-self governments for development of the rural society at the grass root level. Functional autonomy of the PRIs is possible only when they have financial autonomy. Because, only then the PRIs will be able to prepare and execute development plans on the basis of needs, aspirations and local resources. The noteworthy point is that in Assam, Gaon Panchayats (GPs) have been vested with more developmental responsibilities and provisions of financial resources as compared to the Anchalik Panchayats (APs) and Zila Parishads (ZPs) by 'The Assam Panchayat Act, 1994'. Therefore, the GPs have to play more effective role as an agency of local-self government. GPs must have financial autonomy to work as effective local-self government from the viewpoint of fulfilling the local needs independently. Financial autonomy does not mean the transfer of funds from the state or central governments; rather it must be achieved through mobilization of revenues from its own sources. In this context this paper throws light on the own revenue mobilization pattern of a few GPs of Nalbari district of Assam in comparison to transfer of funds to them from the higher levels of governments. Apart from the secondary sources, information is collected from the Secretaries of the GPs. It is observed that the goal of financial autonomy of the GPs is yet a dream not coming to true and they have not been able to work as effective local-self governments due to lack of financial autonomy. [ABSTRACT FROM AUTHOR] more...
- Published
- 2016
- Full Text
- View/download PDF
8. Правові аспекти організації безготівкових розрахуків у діяльності суб’єктів господарювання
- Subjects
economic and legal settlement ,accounts ,economic legal relations ,civil legal relations ,рахунки ,платіж ,переказ коштів ,грошові кошти ,transfer of funds ,цивільні правовідносини ,господарсько-правове врегулювання ,господарські правовідносини ,payment ,безготівкові розрахунки ,фінансові правовідносини ,financial legal relations ,cash ,non-cash settlements - Abstract
The article examines the main areas of legal regulation of non-cash payments in the activities of economic entities. It is proved that settlements in economic activity are economic legal relations that arise in the performance of financial obligations created by a regulatory act or a specific agreement. The authors found that the subject of regulation of the institution of non-cash payments are not only economic but also civil legal relations that arise between the bank and the client, as well as administrative and financial, and finally - information relations closely related to the circulation of paper and electronic documents. because when making non-cash payments, the documents provided by the regulations of the National Bank of Ukraine are created., У статті проведено дослідження основних напрямів правового регулювання безготівкових розрахунків у діяльності суб’єктів господарювання. Доведено, що розрахунки у господарської діяльності - це господарські правовідносини, які виникають при виконанні фінансових зобов’язань, що створюються в силу дії нормативного акту або певного договору. Авторами встановлено, що предметом регулювання інституту безготівкових розрахунків є не лише господарські, а й цивільні правовідносини, які виникають між банком та клієнтом, а також адміністративні та фінансові, і насамкінець - інформаційні відносини, що тісно пов’язані з обігом паперових та електронних документів, оскільки при здійсненні безготівкових розрахунків створюються документи, які передбачені нормативними документами Національного банку України. more...
- Published
- 2021
- Full Text
- View/download PDF
9. People's Republic of China Financial Sector Assessment Program : CPSS-IOSCO Recommendations for Securities Settlement Systems and Central Counterparties
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World Bank and International Monetary Fund
- Subjects
WARRANTS ,PENSION FUNDS ,BOOK ENTRY SYSTEM ,TRADING VOLUME ,NOMINEE ACCOUNTS ,SHAREHOLDERS ,DEPOSIT ,LIQUIDATION ,FLOW OF FUNDS ,MONEY MARKETS ,INSTITUTIONAL INVESTOR ,FINANCIAL INFRASTRUCTURE ,T-BOND ,CORPORATE BOND ISSUE ,COLLATERAL ,PENSION ,BONDS ,CLEARING HOUSE ,AUTOMATIC LENDING ,BOND BUSINESS ,BROKER ,BOND TRADING ,MARKET CAPITALIZATION ,TRANSPARENCY ,REPO ,FINANCIAL MARKETS ,STATUTORY LAW ,FOREIGN BROKER ,SECURITIES REGISTRATION ,HOLDING ,COMMODITIES FUTURES ,WHOLESALE MARKET ,CREDITORS ,FUTURES CONTRACTS ,FOREIGN INSTITUTIONAL INVESTOR ,TRANSFER OF FUNDS ,CORPORATE GOVERNANCE ,DERIVATIVES EXCHANGE ,MARKET EFFICIENCY ,FIXED INCOME ,INDEBTEDNESS ,ASSET MANAGEMENT ,SETTLEMENT SERVICES ,INVESTOR PROTECTION ,INFORMATION SYSTEM ,BROKER-DEALER ,MARKET SUPERVISION ,DEPOSITORY SYSTEM ,LIQUIDITY ,CLEARING CORPORATION ,CREDIT RISK ,TRADING VALUE ,INTERNAL AUDITS ,COLLATERALIZATION ,MARKET MAKER ,DEPOSIT ACCOUNT ,CREDIT RISK EXPOSURES ,TRADING SYSTEM ,BANKRUPTCY ,REAL TIME GROSS SETTLEMENT ,MARKET PARTICIPANTS ,EXCHANGE MARKET ,CAPITAL MARKETS ,REGULATORY FRAMEWORK ,CONTRACT LAW ,LEGAL PROVISIONS ,BOND MARKET ,EQUIPMENT ,CENTRAL SECURITIES DEPOSITORY ,BOND ,CORPORATE INVESTORS ,ISSUANCE OF BONDS ,GOVERNMENT SECURITIES ,SECURITIES TRANSACTIONS ,EXCHANGE SYSTEM ,CASH SETTLEMENT ,BOND ISSUERS ,MUTUAL FUNDS ,RISK MANAGEMENT TOOLS ,MATURITY ,SECURITIES ,BANK BOND MARKET ,ISSUANCE ,INVESTMENT FUNDS ,ROLLING SETTLEMENT ,TRADING ,RESERVE FUND ,CASH TRANSFER ,SETTLEMENT OF FUNDS ,LIQUIDITY RISK ,BANK BOND ,ASSET BACKED SECURITIES ,RISK EXPOSURE ,TRANSACTION ,TRANSFER OF SECURITIES ,WAREHOUSE ,TAX ,FOREIGN INVESTORS ,MARGIN REQUIREMENTS ,SETTLEMENT OBLIGATIONS ,INDIVIDUAL INVESTORS ,GROSS DOMESTIC PRODUCT ,INSURANCE COMPANIES ,BROKERAGE ,SECURITIES MARKET ,CUSTODY ,COMMODITY ,BROKERAGE FIRMS ,STOCKS ,FINANCIAL SECTOR ,SETTLEMENT PROCEDURES ,BOND ISSUES ,BOOK ENTRY ,SETTLEMENT ARRANGEMENTS ,INTERNATIONAL STANDARDS ,TRADE DATE ,FUTURES MARKET ,FIXED INCOME MARKET ,REGISTRATION SYSTEM ,GOVERNMENT BONDS ,SAVINGS ACCOUNTS ,INTERNATIONAL SECURITIES ,RESERVES ,SUPERVISORY AUTHORITY ,FINANCIAL FUTURES ,SETTLEMENT RISK ,SETTLEMENT ,RISK MANAGEMENT ,GUARANTEE FUND ,PAPER CERTIFICATES ,PAYMENT SYSTEMS ,TRADES ,MARK TO MARKET ,MARKET STRUCTURE ,DOMESTIC SECURITIES ,CUSTODIAN BANK ,FUTURES ,FUTURES EXCHANGE ,STOCK EXCHANGE ,MARKET TRANSACTIONS ,PAYMENT OBLIGATIONS ,SECURITIES LAW ,WAREHOUSE RECEIPTS ,DEBT ,CREDIT LINE ,COMMODITIES FUTURES MARKETS ,REGULATORY AUTHORITY ,SETTLEMENT SYSTEM ,SHARE TRADING ,OWNERSHIP STRUCTURE ,CENTRAL BANK ,RESERVE REQUIREMENT ,TRADING PLATFORM ,BONDHOLDERS ,CORPORATE SECURITIES ,COLLATERAL REQUIREMENTS ,SAVINGS ACCOUNT ,SHARE VALUE ,FOREIGN EXCHANGE ,LEGAL PROTECTION ,ENFORCEABILITY ,LIMITED LIABILITY ,TRADING ACTIVITY ,ACCOUNTING ,INFORMATION DISCLOSURES ,COMMERCIAL BANK ,DEFAULTER ,RESERVE ,FINANCIAL STABILITY ,TREASURY BOND ,INSURANCE ,TURNOVER ,PRICE LIMITS ,CENTRAL BANK BILLS ,JOINT VENTURE ,RISK CONTROL ,TREASURY ,EXCHANGE TRANSACTIONS ,INTERNATIONAL BANK ,MONETARY AUTHORITY ,COMMERCIAL BANK CREDIT ,MONETARY FUND ,PRIVATE SECTOR DEVELOPMENT ,MARKET RISK ,CORPORATE BOND ,REGULATORS ,DERIVATIVE ,TAX RULES ,LEGAL FRAMEWORK ,DOMESTIC INVESTORS ,VALUE PAYMENT SYSTEM ,SAVINGS ,FRAMEWORK FOR SECURITIES ,CHECKS ,GROSS SETTLEMENT SYSTEM ,BANKRUPTCY LAW - Abstract
The Securities Settlement Systems (SSS) in the People's Republic of China (PRC) are organized around three different types of markets, which are the bond market, the corporate securities market, and the futures market. The China Government Depositary and Clearing Corporation Limited (CCDC) is the SSS as well as the central securities depository (CSD) for bonds. The China Securities Depository and Clearing Corporation Limited (SD and C) is the central counterparty (CCP), SSS, as well as the CSD for all instruments traded on the Shanghai Stock Exchange (SSE) and Shenzhen Stock Exchange (SZSE). The four futures exchanges have their own clearing and settlement departments, which offer the function of a CCP. The CCDC, SD and C, and Shanghai Futures Exchange (SHFE), Dalian Commodities Exchange (DCE), and Zhengzhou Commodities Exchange (ZCE) operate important securities and derivatives settlement systems both, due to the large volume and value of transactions and the fact that they support key financial sector markets (interbank bond market, stock exchanges and futures). The assessment of the bonds market-CCDC system against the Recommendations for Securities Settlement Systems (RSSS) concludes that the system observes (observed or broadly observed) thirteen of the 19 recommendations, being one not applicable. The assessment of the stock exchanges-SD and C system against the RSSS concludes that the system observes (observed or broadly observed) seventeen of the 19 recommendations. The assessment of the commodities futures markets-SHFE system against the Recommendations for Central Counterparties (RCCP) concludes that the system observes (observed or broadly observed) eleven of the 15 recommendations, being one not applicable. The present document is the assessment of securities and derivatives settlement systems in the PRC based on the recommendations of the Committee on Payment and Settlement Systems (CPSS) and the International Organization of Securities Commissions (IOSCO) for RSSS and the recommendations of CPSS-IOSCO for Central Counterparties (RCCP). The paper is divided into following five parts: the first part gives general information; the second gives information and methodology used for assessment; the third part is securities and derivatives settlement systems infrastructure overview; the fourth part is main findings from the assessment with international standards; and the fifth part gives authorities' response. more...
- Published
- 2012
10. People's Republic of China Financial Sector Assessment Program : IOSCO Objectives and Principles for Securities Regulation
- Author
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International Monetary Fund and World Bank
- Subjects
PUBLIC INFORMATION ,RETAIL INVESTORS ,NATIONAL DEVELOPMENT ,RESERVE FUNDS ,VALUATION ,NATIONAL TREASURY ,SETTLEMENT OBLIGATIONS ,SETTLEMENT SYSTEMS ,TRADING VOLUME ,INSURANCE COMPANIES ,CODE OF CONDUCT ,COMMODITY ,LIQUIDATION ,EMERGING MARKET ,DOMESTIC REGULATORS ,STOCKS ,CAPITAL MARKET DEVELOPMENT ,FINANCIAL SECTOR ,REGISTERED SECURITIES ,BANK LENDING ,INFORMATION TECHNOLOGY ,INVESTOR CONFIDENCE ,IPOS ,MARKET MANIPULATION ,INCOME ,INTERNATIONAL STANDARDS ,FUND MANAGER ,STOCK INDEX ,FUTURES MARKET ,SECURITIES REGULATION ,FINANCIAL CRISIS ,CAPITAL REQUIREMENTS ,SHAREHOLDER ,MARKET INTERMEDIARY ,JURISDICTION ,FINANCIAL MARKET ,CONFIDENTIALITY ,FRAUD ,SECURITIES COMMISSIONS ,INFORMATION SHARING ,CREDIT RATING AGENCIES ,CONFLICTS OF INTEREST ,FINANCIAL FUTURES ,DISCLOSURE REQUIREMENTS ,RAPID GROWTH ,SETTLEMENT ,ACCOUNTING STANDARDS ,REGULATORY REGIME ,RISK MANAGEMENT ,GOVERNMENT BUDGET ,MARKET CAPITALIZATION ,TRANSPARENCY ,INVESTMENT MANAGEMENT ,LAW ENFORCEMENT ,EXPOSURES ,SECONDARY MARKETS ,DOMESTIC INSTITUTIONAL INVESTORS ,SOLVENCY ,TREASURY BONDS ,INSTITUTIONAL INVESTORS ,TRADES ,SECURITIES REGISTRATION ,COMMODITIES FUTURES ,DERIVATIVE CONTRACT ,INDIVIDUAL SECURITIES ,INVESTMENT VEHICLES ,INITIAL PUBLIC OFFERINGS ,DEFAULT RISK ,INSIDER TRADING ,MARKET STRUCTURE ,BANKING INSTITUTIONS ,INVESTMENT DECISION ,SYSTEMIC RISK ,TRANSFER OF FUNDS ,FINANCIAL DERIVATIVE ,CORPORATE GOVERNANCE ,REGULATORY GAP ,FUTURES ,FUTURES EXCHANGE ,REGULATORY REQUIREMENTS ,NET-CAPITAL ,STOCK EXCHANGE ,ASSET MANAGEMENT ,MARKET VALUE ,MARKET CAP ,INVESTOR PROTECTION ,SECURITIES LAW ,MONETARY POLICY ,INTERNAL CONTROLS ,PRIVATE EQUITY ,LIQUIDITY ,INVESTOR EDUCATION ,CLEARING CORPORATION ,SELF-REGULATION ,REGULATORY AUTHORITY ,SHARE TRADING ,NAV ,SECURITIES EXCHANGES ,STOCK INDEX FUTURES ,SECURITIES DEPOSITORY ,CENTRAL BANK ,MARKET DISCIPLINE ,POTENTIAL LIABILITY ,PUBLIC ENFORCEMENT ,COLLECTIVE INVESTMENT SCHEME ,EFFICIENT MARKET ,DEPOSITORY ,FUTURES PRODUCTS ,CAPITAL FLOW ,COLLECTIVE INVESTMENT ,HEDGE FUNDS ,CAPITAL MARKET ,SECURITIES INDUSTRY ,OPERATIONAL INDEPENDENCE ,CORPORATE BOND MARKET ,FOREIGN EXCHANGE ,LEGAL PROTECTION ,TRADING SYSTEM ,BANKRUPTCY ,ENFORCEABILITY ,INVESTMENT ACTIVITIES ,NET ASSET ,POLITICAL SYSTEM ,ACCOUNTING ,LEGAL SYSTEM ,SECURITIES ACTIVITIES ,FINANCIAL RISKS ,MARKET PARTICIPANTS ,DERIVATIVES MARKET ,MARKET DEVELOPMENT ,ARBITRAGE ,SECURITIES MARKETS ,REGULATORY FRAMEWORK ,FUND MANAGEMENT ,LOCAL GOVERNMENTS ,FINANCIAL SYSTEM ,NET ASSET VALUE ,RESERVE ,LIABILITY ,TRADE INFORMATION ,EXCHANGE RATE ,FINANCIAL STABILITY ,BOND MARKET ,INSURANCE ,TURNOVER ,NET CAPITAL ,REGULATOR ,BOND ,SECURITIES TRANSACTIONS ,CLIENT ASSETS ,CROSS-BORDER CAPITAL ,TREASURY ,INCOME LEVEL ,REGULATORY SYSTEM ,MUTUAL FUNDS ,REGULATORY PRACTICE ,SECURITIES ,COMMERCIAL BANKS ,INTERNATIONAL BANK ,MARKET SHARE ,FUTURES CONTRACT ,INVESTMENT ACTIVITY ,JUDICIAL SYSTEM ,CREDIT RATING ,INVESTMENT STRATEGIES ,MONETARY FUND ,TRANSFER AGENT ,PRIVATE SECTOR DEVELOPMENT ,BANK BOND MARKET ,EQUITY FUNDS ,CORPORATE BOND ,ACCOUNTANT ,ASSET VALUE ,INVESTMENT FUNDS ,DERIVATIVE ,INSURANCE PRODUCTS ,TRADING ,ENTRY REQUIREMENTS ,LEGAL FRAMEWORK ,ENFORCEMENT POWERS ,TRADING ACTIVITIES ,FINANCIAL INNOVATION ,FINANCIAL STATEMENT ,MONEY LAUNDERING ,BANK BOND ,CIVIL LAW ,POTENTIAL INVESTORS ,PRIVATE ENFORCEMENT ,VOLATILITY ,EXPENDITURE ,TRANSACTION - Abstract
This is an initial report of the International Organization of Securities Commissions (IOSCO) assessment performed in 2010 as part of the financial sector assessment program (FSAP) of China. The assessment was prepared on the basis of a self-assessment prepared by the China Securities Regulatory Commission (CSRC), public information contained on the CSRC website and the websites of other entities in China, and a review of relevant Chinese laws and regulations. The timely completion of this assessment was greatly facilitated by the cooperation provided by numerous members of the staff of the CSRC. The CSRC has broad regulatory authority over the stock and futures exchanges, the China Securities Depository and Clearing Corporation Limited (SD and C) and other clearing and settlement institutions, securities companies, futures companies, and collective investment scheme (CIS) operators. This paper is divided into two parts. The first part gives summary, key findings, and recommendations. It is further divided into following six parts: (i) introduction; (ii) information and methodology used for assessment; (iii) institutional and market structure- overview; (iv) preconditions for effective securities regulation; (v) key findings; and (vi) recommended action plan and authorities' response. The second part gives tabular detailed assessment. more...
- Published
- 2012
11. Indonesia Economic Quarterly, October 2011 : Turbulent Times
- Author
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World Bank
- Subjects
ECONOMIC PERFORMANCE ,REVOLVING FUND ,CAPITAL FLOWS ,DOMESTIC GOVERNMENT BONDS ,TAX ,FOREIGN INVESTORS ,UNCERTAINTY ,GROSS DOMESTIC PRODUCT ,PRIVATE INVESTMENT ,FOOD PRICE ,INFLATIONARY PRESSURES ,HOUSEHOLD INCOMES ,FOREIGN EXCHANGE RESERVES ,CASH BALANCES ,GOVERNMENT DEBT ,DEPOSIT ,COMMODITY ,INFLATION ,EMERGING MARKET ,INTERNATIONAL FINANCIAL CRISIS ,MATURITIES ,DOMESTIC MARKET ,FINANCIAL SECTOR ,ASSET PRICE ,RISK AVERSION ,EQUITIES ,INVESTOR CONFIDENCE ,INCOME ,BAILOUT ,FEDERAL RESERVE ,INFRASTRUCTURE INVESTMENT ,TRADE TAX ,PRICE SERIES ,PORTFOLIO INFLOWS ,INFLATION RATE ,DEBT SERVICE ,BALANCE SHEETS ,CONSUMER PRICE INDEX ,SOVEREIGN BONDS ,CREDIT GROWTH ,DOMESTIC ECONOMY ,FINANCIAL MARKET ,EMERGING MARKET BOND ,RESERVES ,PUBLIC SPENDING ,SECONDARY DEBT MARKETS ,EXPORT SHARES ,SOVEREIGN RATING ,RISK MANAGEMENT ,SECURITIES ISSUANCE ,TRANSPARENCY ,GUARANTEE FUND ,GLOBAL EQUITY MARKETS ,NPL ,DEBT LEVELS ,EMERGING ECONOMIES ,FOREIGN DIRECT INVESTMENT ,CREDIT DEFAULT SWAP ,HOLDING ,SOVEREIGN DEBT ,MARKET EQUITIES ,INTERNATIONAL FINANCE ,PRICE INFLATION ,TRANSFER OF FUNDS ,GLOBAL ECONOMY ,DOMESTIC EQUITY ,MARKET EXPECTATIONS ,EXTERNAL DEBT ,LABOR MARKET ,BASIS POINTS ,DOLLAR VALUE ,INFORMATION SYSTEM ,MONETARY POLICY ,EMERGING MARKET EQUITIES ,PRIVATE INFRASTRUCTURE ,DISBURSEMENT ,LIQUIDITY ,PUBLIC DEBT ,CREDIT RISK ,TRADE SURPLUS ,BANKING SECTOR ,CORPORATE TAX ,INTEREST PAYMENTS ,BOND YIELD ,NON-PERFORMING LOAN ,CAPITAL ADEQUACY ,COMMODITY PRICE ,FOREIGN PORTFOLIO ,AUCTIONS ,INTERNATIONAL FINANCIAL MARKET ,BUDGET DEFICIT ,INTERNATIONAL CREDIT ,ECONOMIC DEVELOPMENT ,FIXED CAPITAL ,INFRASTRUCTURE FINANCING ,RETURN ,CONSUMPTION EXPENDITURE ,OPTION CONTRACT ,TREASURY YIELD ,FINANCIAL INFORMATION ,PRICE CHANGE ,CAPITAL OUTFLOWS ,MARKET PRICES ,INVESTMENT CLIMATE ,DEVELOPING ECONOMIES ,CORPORATE DEBT ,BOND INDEX ,PORTFOLIO FLOWS ,FOREIGN EXCHANGE ,TRADE BALANCE ,COMMERCIAL BANK LENDING ,PORTFOLIO ,TRADE FINANCING ,ACCOUNTING ,COMMERCIAL BANK ,INCOME TAX ,CREDIT DEFAULT ,DOMESTIC FINANCIAL MARKETS ,INTERNATIONAL PORTFOLIO ,INTERNATIONAL DEVELOPMENT ,ISSUANCE OF GOVERNMENT SECURITIES ,CURRENT ACCOUNT BALANCE ,SAFER ASSETS ,GLOBAL FINANCIAL MARKET ,UNEMPLOYMENT RATE ,INTERNATIONAL TRADE ,INTERNATIONAL RESERVES ,FISCAL POLICY ,SECONDARY MARKET ,EXCHANGE RATE ,FINANCIAL INSTITUTIONS ,FINANCIAL STABILITY ,TAX BREAKS ,EQUIPMENT ,SECONDARY MARKET AUCTIONS ,FINANCIAL SHOCKS ,GOVERNMENT SECURITIES ,DOMESTIC BOND ,GOVERNMENT BOND ,TREASURY ,RISKY ASSETS ,INTERNATIONAL MARKET ,EQUITY MARKET ,EQUITY INDEX ,GLOBAL EQUITY ,GOVERNMENT REVENUE ,POLICY RESPONSE ,BALANCE OF PAYMENT ,DOMESTIC BANKS ,FINANCIAL MARKET PARTICIPANTS ,GOVERNMENT SPENDING ,TRADE FINANCE ,LOAN ,DEBT CRISIS ,DOMESTIC BOND MARKETS ,CURRENT ACCOUNT SURPLUS ,GROWTH RATE ,DEVELOPING COUNTRIES ,EQUITY MARKET VOLATILITY ,GLOBAL BOND ,MONEY MARKET ,EQUITY MARKETS ,MONETARY FUND ,EXPOSURE ,GOVERNMENT BOND YIELDS ,OIL PRICE ,PRICE MOVEMENTS ,EMERGING MARKET ECONOMIES ,WORLD ECONOMY ,ISSUANCE ,FOREIGN INVESTMENT ,TRADING ,GLOBAL RISK ,CREDIT MARKETS ,FISCAL CONSOLIDATION ,INFLATION EXPECTATIONS ,CAPITAL FORMATION ,NATURAL RESOURCES ,OUTSTANDING STOCK ,BOND SPREAD ,SECONDARY DEBT ,CAPITAL INFLOWS ,MARKET INSTABILITY ,FOREIGN CURRENCY ,INTEREST RATE ,LOCAL CURRENCY ,TREASURY BILL ,FINANCIAL FLOWS ,INTERNATIONAL INVESTOR ,EXPENDITURE - Abstract
External events have dominated economic developments for Indonesia over the past quarter. The outlook for global growth has weakened and the euro zone sovereign debt crisis has intensified. International risk aversion and market volatility have increased, although they remain well below levels seen in late 2008. Equity markets have fallen and emerging markets have seen capital outflows, putting downward pressure on their currencies. Indonesia's domestic economic performance has continued to be strong but, as in other countries in the region, its financial markets have not been immune from this turbulence. Indonesia's domestic drivers of growth, its solid fiscal position, accumulation of reserves, and strengthened financial sector performance make it relatively well-placed to deal with shocks arising from the above scenarios. This improved resilience to external shocks, and a strong policy response, was seen during the 2008- 09 crisis. The final piece looks at the core development challenge of how to make growth more inclusive, as well as higher, focusing on an analysis of the province of East java. more...
- Published
- 2011
12. Kenya Economic Update, December 2010 : Kenya at the Tipping Point?
- Author
-
World Bank
- Subjects
GLOBAL MARKET ,MOBILE BANKING ,TOTAL DEBT ,DAILY EXPENSES ,GROWTH RATES ,VALUE ADDED ,EXPORT SECTOR ,INFRASTRUCTURE PROJECT ,DEPOSIT ,FISCAL DEFICIT ,FLOW OF FUNDS ,SUPPLY SIDE ,INVESTOR CONFIDENCE ,INCOME ,ECONOMIC STRUCTURES ,IMPORT ,REMOTE REGIONS ,GOVERNMENT BORROWING ,REGULATORY ENVIRONMENT ,TRADE PERFORMANCE ,WORLD DEVELOPMENT INDICATORS ,PUBLIC-PRIVATE PARTNERSHIPS ,COLLATERAL ,PER CAPITA INCOME ,FRAUD ,LOCAL CURRENCY MARKET ,FARMERS ,RATE OF GROWTH ,REGULATORY REGIME ,OUTSOURCING ,TRANSPARENCY ,REAL EXCHANGE RATE ,PRICE INCREASES ,BANK ACCOUNTS ,PENSIONS ,DEBT LEVELS ,SECTOR REFORMS ,BALANCE OF PAYMENTS ,INCOMES ,NEW BUSINESS ,RECEIPT ,TRANSFER OF FUNDS ,SMALL BUSINESSES ,REGULATORY AGENCIES ,RETAIL SAVINGS ,ECONOMIC ENVIRONMENT ,EXPORT CROPS ,BASIS POINTS ,ACCESS TO FINANCIAL SERVICES ,INFRASTRUCTURE INVESTMENTS ,MONETARY POLICY ,LIQUIDITY ,FISCAL DEFICITS ,INTEREST RATES ,SMALL BUSINESS ,CREDIT RISK ,INCOME LEVELS ,DEBTS ,MARKET LEADER ,LEVELS OF GROWTH ,BUDGET DEFICIT ,FINANCIAL LITERACY ,WEALTH ,EXPANSIONARY FISCAL POLICY ,ELECTRONIC TRANSFERS ,SURPLUS ,UNIVERSAL ACCESS ,GDP ,VOUCHERS ,BANK ACCOUNT ,CASH DEPOSITS ,PAYMENTS SERVICE ,BUSINESS ENVIRONMENT ,EXPORTS ,FINANCIAL SECTOR DEVELOPMENTS ,BARRIERS TO ENTRY ,MONOPOLY ,CURRENT ACCOUNT BALANCE ,VILLAGES ,FINANCIAL ACCOUNT ,FINANCIAL CRISES ,REGULATORY FRAMEWORK ,FINANCIAL SYSTEM ,FISCAL POLICY ,EXCHANGE RATE ,HOUSEHOLDS ,BANKING SERVICES ,SINGLE MARKET ,FORECASTS ,STABLE GROWTH ,CAPITAL GOODS ,UNION ,EXTERNAL BORROWING ,SAVINGS DEPOSITS ,BALANCE OF PAYMENT ,MOBILE PHONE ,DEBT CRISIS ,COMMODITY PRICES ,MBI ,DEVELOPING COUNTRIES ,FINANCIAL RESOURCES ,JUDICIAL SYSTEM ,CASH RESERVES ,INCOME GROUPS ,PROFIT MARGINS ,REAL ESTATE ,EXPORT GOODS ,MONEY TRANSFER ,BANKING NETWORK ,PROFIT MARGIN ,MAJOR CURRENCIES ,PUBLIC INVESTMENT ,LEVERAGE ,CREDIT MARKET ,LOCAL CURRENCY ,TREASURY BILL ,FINANCIAL FLOWS ,HUSBANDS ,CURRENCY MARKET ,INFRASTRUCTURE PROJECTS ,WAREHOUSE ,ECONOMIC PERFORMANCE ,MICRO-CREDIT ,TAX ,BANKING SYSTEM ,ECONOMIC GROWTH ,FINANCIAL SERVICES PROVIDERS ,BANKING SUPERVISION ,PRIVATE SECTOR INVESTMENT ,EXCHANGE RATES ,TARIFF BARRIERS ,CUSTOMER BASE ,GOVERNMENT DEBT ,COMMODITY ,EXTERNAL FINANCING ,CREDITOR ,FINANCIAL SECTOR ,EXCESS LIQUIDITY ,FINANCIAL INFLOWS ,E-MONEY ,PERSONAL COMPUTER ,INFRASTRUCTURE INVESTMENT ,PUBLIC INVESTMENTS ,FINANCIAL CRISIS ,COMMON MARKETS ,GLOBAL CURRENCIES ,BALANCE SHEETS ,POST OFFICE ,GOVERNMENT BONDS ,SAVINGS ACCOUNTS ,COMMON MARKET ,ASSETS ,FOREIGN FINANCING ,RAPID GROWTH ,ECONOMIC OUTLOOK ,PRIVATE SECTOR INVESTMENTS ,MACROECONOMIC INDICATORS ,FOREIGN DIRECT INVESTMENT ,MOBILE PHONES ,DEPOSIT RATES ,RETAIL BANKING ,GROWTH PERFORMANCE ,EXTERNAL DEBT ,BUFFERS ,REGULATORY REQUIREMENTS ,STOCK EXCHANGE ,WORLD MARKET ,GDP PER CAPITA ,DEPOSIT RATE ,DEBT ,BILLS ,COMMERCIAL LOANS ,ECONOMIC DEVELOPMENT ,FINANCIAL PRODUCTS ,ACCESS TO FINANCE ,CENTRAL BANK ,RETURN ,RESERVE REQUIREMENT ,AGRICULTURE ,INVESTMENT CLIMATE ,MACROECONOMIC POLICIES ,ACCESSIBILITY ,TELEPHONE SERVICES ,MACROECONOMIC MANAGEMENT ,RELATED SHOCKS ,FOREIGN EXCHANGE ,ECONOMIC TRENDS ,COMMERCIAL BANK ,PRIVACY ,ECONOMIC SHOCKS ,MARKET DEVELOPMENT ,REMITTANCES ,KEY RISKS ,FARMER ,MONEY TRANSFERS ,REAL INTEREST RATES ,OUTPUT ,MICRO-BUSINESS ,INSURANCE ,PAYMENTS SYSTEMS ,REGULATOR ,JOINT VENTURE ,LONG-TERM LENDING ,CURRENT ACCOUNT ,TREASURY ,BANK BRANCHES ,BUSINESS CONFIDENCE ,PUBLIC POLICY ,EXPENDITURES ,FINANCIAL ACCESS ,DEBT MANAGEMENT ,IMPORTS ,GROWTH RATE ,MACROECONOMIC POLICY ,COMMERCIAL BANKS ,LEVEL OF INVESTMENT ,MONETARY FUND ,FISCAL POLICIES ,TRANSFER PAYMENTS ,REGULATORS ,EXPORT CAPACITY ,RECEIPTS ,FIXED INVESTMENT ,TRACK RECORD ,POST OFFICES ,SAVINGS ,MICRO FINANCE ,OUTREACH ,URBAN AREAS ,CURRENT ACCOUNT DEFICIT ,FOREIGN CURRENCY ,FORMAL BANKING ,INTEREST RATE - Abstract
Kenya may be at a "tipping point," the theme of the third Kenya economic update which has a special focus on the transformative impact of information and communication technology (ICT) and mobile money. Over the last decade, ICT has outperformed all others sectors growing at an average of 20 percent per year. The benefits of ICT are starting to be felt in other sectors, and have contributed to the conditions for Kenya to reach this tipping point. Kenya has entered the new decade with renewed and stronger than expected growth. The passing of the new constitution, continued strong macroeconomic policies, and a favorable regional environment have created a new positive economic momentum. Kenya may again be positioned to experience high growth. Over the last three decades Kenya has experienced only two short episodes when economic growth exceeded five percent and was sustained for at least three consecutive years: 1986-88, and 2004-2007. Is Kenya again at the verge of experiencing another growth spurt? Will it last longer and go deeper than the previous two episodes? more...
- Published
- 2010
13. El Salvador Financial Sector Assessment Program Update : Payments, Remittances, and Securities Settlement Systems
- Author
-
International Monetary Fund and World Bank
- Subjects
REMITTANCE SERVICE ,RESERVE REQUIREMENTS ,STOCK MARKET ,SETTLEMENT SYSTEMS ,BANKING SUPERVISION ,OPERATIONAL RISK ,SECURITIES MARKET ,DEPOSIT ,FUNDS TRANSFER ,CREDIT CARDS ,ELECTRONIC PAYMENT ,STOCKS ,LOCAL CAPITAL MARKET ,EFTPOS ,FINANCIAL INTERMEDIATION ,ORDER OF PAYMENT ,BANK CUSTOMERS ,BENEFICIARIES ,STAKEHOLDERS ,INSTRUMENT ,TERRORISM ,INTERNATIONAL STANDARDS ,REAL-TIME GROSS SETTLEMENT ,REPO FACILITY ,LENDER OF LAST RESORT ,CUSTOMER ACCOUNTS ,FINANCIAL INTERMEDIARIES ,TRANCHES ,JURISDICTION ,CLEARING HOUSE ,RESERVES ,FRAUD ,ASSETS ,INTERNAL CONTROL ,CONSUMER PROTECTION ,FINAL SETTLEMENT ,RETAIL PAYMENTS ,TREATY ,FINANCIAL SYSTEMS ,ELECTRONIC PAYMENT SYSTEMS ,PAYMENT INSTRUCTIONS ,REPO TRANSACTIONS ,SETTLEMENT ,RISK MANAGEMENT ,TRANSPARENCY ,PAYMENT SYSTEM ,MORTGAGE ,REPO ,BANK ACCOUNTS ,MISMANAGEMENT ,PAYMENT SYSTEMS ,RETAIL PAYMENT SYSTEMS ,POINT OF SALE ,CHEQUES ,CREDIT RISKS ,DEPOSITS ,REMITTANCE ,EFT ,ELECTRONIC FUNDS TRANSFER ,TRANCHE ,TRANSFER OF FUNDS ,INTERNATIONAL MARKETS ,END-USER ,SETTLEMENTS ,STOCK MARKET CAPITALIZATION ,PAYMENT SERVICES ,DEBIT CARDS ,CLEARINGHOUSE ,SERVICE PROVIDER ,STOCK EXCHANGE ,EVOLUTION OF PAYMENT ,OPERATIONAL RISKS ,SETTLEMENT SERVICES ,DEFAULTS ,FOREIGN BANKS ,DISBURSEMENT ,LIQUIDITY ,PLAN FOR PAYMENT ,CREDIT RISK ,BANKING SECTOR ,DVP ,CASH MANAGEMENT ,CLAIM ,GOVERNMENT POLICIES ,RESERVE ACCOUNTS ,PAYMENT INSTRUMENT ,FINANCIAL SERVICES ,PAYMENT INSTRUMENTS ,FINANCIAL PRODUCTS ,INTERNET BANKING ,CHECKING ACCOUNTS ,CENTRAL BANK ,LOCAL MARKET ,RETURN ,SETTLEMENT PROVISIONS ,HOST ,JURISDICTIONS ,LIQUIDITY RISKS ,FACTORING ,FLOWS OF PAYMENTS ,REPO MARKET ,INTERBANK PAYMENTS ,RETAIL PAYMENT ,CAPITAL MARKET ,CREDIT TRANSFER ,RTGS ,ELECTRONIC FUNDS ,AUTHORIZATION ,COOPERATIVE BANKS ,NEGOTIATION ,REAL TIME GROSS SETTLEMENT ,LENDER ,OPEN ACCESS ,COMMERCIAL BANK ,FINANCIAL RISKS ,REMITTANCES ,CAPITAL MARKETS ,MAKING PAYMENTS ,OVERSIGHT OF PAYMENT SYSTEMS ,PRIVATE NETWORK ,MULTILATERAL NETTING ,POINT OF SALE TERMINAL ,REGULATORY FRAMEWORK ,LEGAL PROHIBITION ,POS ,PENALTIES ,SECURITIES SETTLEMENT ,FINANCIAL SYSTEM ,REAL TIME GROSS SETTLEMENT SYSTEM ,SECONDARY MARKET ,LEGAL PROVISIONS ,RESERVE ,CORPORATE BOND ISSUERS ,FINANCIAL INSTITUTIONS ,CENTRAL SECURITIES DEPOSITORY ,NATIONAL PAYMENT SYSTEMS ,CURRENCY ,CORPORATE BONDS ,PAYMENTS SYSTEMS ,CASE OF DEFAULTS ,CREDIT TRANSFERS ,GOVERNMENT SECURITIES ,SECURITIES TRANSACTIONS ,GOVERNMENT PAYMENTS ,MICROFINANCE INSTITUTIONS ,BANK BRANCHES ,LEGAL REFORM ,PUBLIC POLICY ,MOBILE PHONE ,EFFECTIVE GOVERNANCE ,LEGISLATION ,DELIVERY VERSUS PAYMENT ,SECURITIES ,COMMERCIAL BANKS ,INTERNATIONAL BANK ,REPO MARKETS ,MICROFINANCE ,ACH ,EQUITY MARKETS ,MONETARY FUND ,REMITTANCE SERVICES ,CENTRAL BANKS ,CORPORATE BOND ,EDUCATION LOANS ,SECURITIES SETTLEMENT SYSTEMS ,SALARIES ,MONEY TRANSFER ,PAYMENTS SYSTEM ,LEGAL FRAMEWORK ,STANDARDIZATION ,FINANCE COMPANIES ,LAWS ,SAVINGS ,BANK SUPERVISION ,LIQUIDITY RISK ,ATM ,INTERNAL REPORTING ,LIQUIDITY MANAGEMENT ,GROSS SETTLEMENT SYSTEM ,ACCOUNTABILITY ,INSURANCES ,TRANSACTION - Abstract
Payment systems are a core part of all financial systems. The quality of payment systems determines the stability of the overall economy, the efficiency and reliability of financial intermediation, and the possibility for the private sector to innovate and provide new services to consumers. This technical note presents the results of the assessment of payments, remittances, and securities settlement processes in El Salvador, based on international standards and best practices. It includes several observations for the improvement of the National Payments System (NPS) in El Salvador. This note takes into account the peculiarities of the jurisdiction of El Salvador: namely, the relatively small size of the financial system and the dollarized nature of the economy. The central bank and other institutions are already planning appropriate actions on many of the issues discussed. In some cases, however, the team identified additional elements, which are discussed in this note. more...
- Published
- 2010
14. Thailand Financial Sector Assessment Program : Thailand Securities Depository of the CPSS/IOSCO Recommendations for Securities Settlement Systems
- Author
-
International Monetary Fund and World Bank
- Subjects
DATA STORAGE ,INSTITUTIONAL ARRANGEMENTS ,SETTLEMENT SYSTEMS ,TRADING VOLUME ,TRANSFER OF ASSETS ,CONFIDENCE INTERVAL ,TAX EXEMPTION ,DISASTER RECOVERY ,SECURITIES COMPANIES ,EQUITIES ,INTERNATIONAL ACCOUNTING STANDARDS ,CROSS-BORDER SETTLEMENT ,LENDER OF LAST RESORT ,PROTECTION OF INVESTORS ,FINANCIAL INTERMEDIARIES ,COMMERCIAL CODE ,INSTITUTIONAL FRAMEWORK ,TAX TREATMENT ,COLLATERAL ,PENSION ,BACK-UP ,CLEARING HOUSE ,INTERNAL CONTROL ,AUDITORS ,ACCOUNTING STANDARDS ,EXCHANGE COMMISSION ,HARDWARE ,RISK MANAGEMENT PROCEDURES ,TRANSPARENCY ,INSTITUTIONAL INVESTORS ,HOLDING ,CREDITORS ,PROTECTION OF DATA ,BID ,CUSTODIAN BANKS ,SYSTEMIC RISK ,NET SETTLEMENT ,TRANSFER OF FUNDS ,SETTLEMENTS ,INDEBTEDNESS ,INTERNATIONAL ACCOUNTING STANDARD ,MONETARY POLICY ,SETTLEMENT DATE ,FINANCIAL DIFFICULTIES ,LIQUIDITY ,CREDIT RISK ,TRADING VALUE ,CROSS-BORDER COOPERATION ,CUSTOMER SATISFACTION ,SECURITIES DEPOSITORY ,LIQUIDITY RISKS ,CONTRACTUAL ARRANGEMENTS ,AUDITOR ,COLLATERALIZATION ,DEPOSITORY ,TAX SYSTEMS ,AUDITS ,BUSINESS CONTINUITY ,CERTIFIED ACCOUNTANTS ,INSOLVENCY ,OPERATING SYSTEM ,MARKET INTERMEDIARIES ,TRADING SYSTEM ,BANKRUPTCY ,TRANSFER OF TITLE ,REAL TIME GROSS SETTLEMENT ,LENDERS ,LENDER ,RESULT ,SECURITIES SETTLEMENT SYSTEM ,MARKET PARTICIPANTS ,INTERNATIONAL ACCOUNTING ,BUSINESS CASE ,CAPITAL MARKETS ,SUPERVISORY POWER ,SECURITIES MARKETS ,REGULATORY FRAMEWORK ,FIREWALLS ,WEB ,SECURITIES SETTLEMENT ,ACCOUNTANCY ,SECURITIES ACCOUNTS ,SECURITIES TRANSACTIONS ,AUTHENTICATION ,CERTIFICATES ,BANK RISK ,CASH SETTLEMENT ,GOVERNMENT ORGANIZATIONS ,COURT ORDERS ,MUTUAL FUNDS ,SECURITIES ,BUYER ,PRUDENTIAL SUPERVISION ,EXPOSURE ,ISSUANCE ,SECURITIES SETTLEMENT SYSTEMS ,RESULTS ,ROLLING SETTLEMENT ,TRADING ,RESERVE FUND ,BIDS ,CUSTODY FEES ,PARENT COMPANY ,ACCOUNT HOLDING ,CUSTODIAN ,CONFLICT OF LAW ,WEB SITE ,FUND MANAGERS ,DATA FLOWS ,DATA COMMUNICATION ,VOLATILITY ,TRANSACTION ,TRANSFER OF SECURITIES ,DISCLOSURE OF INFORMATION ,INTERNAL AUDIT ,TAX ,CONTINGENCY PLANS ,GENERAL PUBLIC ,ComputingMilieux_LEGALASPECTSOFCOMPUTING ,PENSION FUND ,RECEIVERSHIP ,OPERATIONAL RISK ,CUSTODY ,DEBT INSTRUMENT ,CONTINGENCY PLAN ,CREDIT EXTENSION ,CREDITOR ,RECEIVER ,SECURITIES HOLDINGS ,FINANCIAL SECTOR ,SETTLEMENT PROCEDURES ,BOOK ENTRY ,ELECTRONIC MESSAGE ,SITES ,TRADE EXECUTION ,INTERNATIONAL STANDARDS ,ACCOUNTING STANDARD ,BROKERS ,TRADE DATE ,CUSTODIANS ,BOOK-ENTRY TRANSFER ,INSOLVENT ,EVENT OF BANKRUPTCY ,LEGAL BASIS ,REGISTRATION SYSTEM ,SHAREHOLDER ,CUSTODY SERVICES ,GOVERNMENT BONDS ,JURISDICTION ,DEBTOR ,CONFIDENTIALITY ,COURT DECISION ,ASSETS ,FINAL SETTLEMENT ,LEGAL POWER ,ACTIVE SECURITIES ,SETTLEMENT RISK ,USERS ,SETTLEMENT ,RISK MANAGEMENT ,PAYMENT SYSTEM ,BOOK-ENTRY ,TRADES ,BORROWER ,ACCOUNTING SYSTEM ,LEGAL ENTITY ,RISK MANAGEMENT SYSTEM ,REGULATORY FRAMEWORKS ,SECURITIES ACCOUNT ,CLEARINGHOUSE ,BACK UP ,STOCK EXCHANGE ,RISK MANAGEMENT POLICIES ,OPERATIONAL RISKS ,DEBT INSTRUMENTS ,FUNCTIONALITIES ,PRIVATE BONDS ,PENALTY ,DEBT ,CREDIT LINE ,LEGAL ACTION ,USE OF SECURITIES ,ORDERLY EXIT ,CLOSING PRICE ,CENTRAL BANK ,DISCLOSURE ,CAPITAL MARKET ,COLLATERAL REQUIREMENTS ,RISK CONTROLS ,TRANSFER OF OWNERSHIP ,SECURITIES DEPOSITORIES ,LEGAL PROTECTION ,ENFORCEABILITY ,BANKRUPT ,DEBTOR TRANSFERS ,ACCOUNTING ,OPEN ACCESS ,COMMERCIAL BANK ,MEANS OF COMMUNICATIONS ,CONFLICT OF INTEREST ,CROSS-BORDER TRANSACTIONS ,BENCHMARK ,PAYMENT OBLIGATION ,USES ,RESERVE ,DELIVERY OF SECURITIES ,LICENSE ,SECURITIES SETTLEMENTS ,CORPORATE BONDS ,PRIVATE SECTOR ,NET CAPITAL ,LEGAL RISK ,SECURITIES LENDING OPERATIONS ,DEPOSITORIES ,COMMERCE ,COMMERCIAL BANKS ,INTERNATIONAL BANK ,CLOSING PRICES ,LEVEL OF RISK ,MONETARY FUND ,MATERIAL ,PRIVATE SECTOR DEVELOPMENT ,REGULATORS ,SECURITIES REGULATOR ,LEGAL FRAMEWORK ,GOVERNANCE STRUCTURE ,CHECKS ,CIVIL LAW ,FOREIGN CURRENCY ,GROSS SETTLEMENT SYSTEM - Abstract
Securities settlement systems should have a well-founded, clear and transparent legal basis in the relevant jurisdiction. The laws, regulations, rules and procedures governing the operations and activities of Thailand Securities Depositories (TSD) are public and accessible to participants. In particular, participants receive comprehensive documentation covering the rules, requirements, procedures and instructions of TSD. This documentation is available on request and is accessible on the TSD website. The public authorities' regulations are also available to the general public on the websites of the Ministry of Commerce (MoC), the Securities and Exchange Commission (SEC) and the Bank of Thailand (BOT). It is recommended to implement adequate legal measures that ensure the netting arrangement is legally protected even in the event of the insolvency of a participant. more...
- Published
- 2008
15. Ответственность за нарушение договоров системы аккредитивной формы расчетов
- Author
-
Головачева, М. А., Golovacheva, M. A., Головачева, М. А., and Golovacheva, M. A.
- Published
- 2005
16. URBAN LOCAL BODIES IN INDIA : FINANCIAL CONTROL FOR BETTER FINANCIAL PERFORMANCE
- Author
-
BHATTACHARYYA, Sidhakam and BANDYOPADHYAY, Gautam
- Published
- 2012
17. DARKINJUNG PTY LTD V DARKINJUNG LOCAL ABORIGINAL LAND COUNCIL
- Author
-
New South Wales Supreme Court and Barrett, J
- Published
- 2006
18. Emergency Appropriations Bill
- Published
- 2001
19. WOLFOWITZ : NO WORD ON DOD'S PORTION OF $40 BILLION SUPPLEMENTAL
- Author
-
Liang, John
- Published
- 2001
20. Commentaries on "Public Expenditures Financing in the Colonial Treasury" IV. Commentary
- Author
-
Fisher, J. R.
- Published
- 1984
- Full Text
- View/download PDF
21. MacArthur, Quezon, and Executive Order Number One: Another View
- Author
-
Rogers, Paul P.
- Published
- 1983
- Full Text
- View/download PDF
22. Trade Credit and Monetary Policy: A Reconciliation
- Author
-
White, William H.
- Published
- 1964
- Full Text
- View/download PDF
23. Why This Neglect?
- Published
- 1991
24. WELFARE FOR WHOM?
- Author
-
Tullock, Gordon
- Published
- 1968
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