Title Kingdom of Bahrain : Financial Sector Assessment Program : detailed assessment of observance assessment of observance of the CPMI-IOSCO principles for financial market infrastructures

Published Washington, D.C. : International Monetary Fund, [2016] ©2016

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Description 1 online resource (108 pages) : illustrations Series IMF country report ; no. 16/170 IMF country report ; no. 16/170. Summary Major achievements have been made to establish safe and efficient payments and securities settlement systems in Bahrain. Since the Financial Sector Assessment Program (FSAP) of 2005, the Central Bank of Bahrain (CBB) has modernized the financial market infrastructure (FMI) to mitigate potential risks and support the wider economy. In 2007, the real-time gross settlement system and securities settlement system for government securities, which also as a central securities depository, were launched. Central bank intraday credit in the payment system has been fully collateralized. The CBB and Financial Institutions Law was promulgated on September 6th, 2006. Legal provisions on netting and collateral with respect to close-out netting were introduced. A new payment system policy and oversight unit was established. The Near Real-Time Electronic Funds Transfer System went live in the fourth quarter of 2015 Notes "June 2016." "Prepared by Monerary and Capital Markets Department; this detailed assessment report was prepared in the context of a report on the observance of standards and codes (ROSC) mission in the Kingdom of Bahrain during December 6-20, 2015, led by Tanai Khiaonarong, IMF and overseen by the Monetary and Capital markets Department, IMF"--page 2 of pdf Bibliography Includes bibliographical references Notes Description based on online resource; title from pdf title page (IMF website, viewed July 27, 2016) Subject International Monetary Fund -- Bahrain SUBJECT International Monetary Fund. fast (OCoLC)fst00556666 Subject Banks and banking -- Bahrain Financial risk management -- Bahrain Electronic funds transfers -- Bahrain Banks and banking. Economic policy. Electronic funds transfers. Financial risk management. SUBJECT Bahrain -- Economic policy Subject Bahrain. Form Electronic book Author Tanai Khiaonarong, author, (IMF staff) International Monetary Fund. publisher. International Monetary Fund. Monetary and Capital Markets Department, sponsoring body. ISBN 9781498304030 1498304036 ISSN 1934-7685

Other Titles Financial Sector Assessment Program, detailed assessment of observance assessment of observance of the CPMI-IOSCO principles for financial market infrastructures Detailed assessment of observance assessment of observance of the CPMI-IOSCO principles for financial market infrastructures

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