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         Annex










 

Report of the Committee on Interbank Netting Schemes of the Central Banks of the Group of Ten Countries

Table of Contents

PART A Introduction And Summary
Section 1 Introduction
Section 2 Summary of Analysis
Section 3 Summary of Policy Recommendations
Minimum Standards For Netting Schemes
Principles For Co­operative Central Bank Oversight
PART B Analysis of Policy Objectives and the Implications of Netting
Section 1 Common Policy Objectives of Central Banks
The efficiency Of Interbank Settlements And Markets
Stability And the Containment of Systemic Risk
The Effectiveness Of Policy Instruments
Section 2 Impact of Netting on Credit, Liquidity and Systemic Risk
Effects On Costs And The Measurement Of Exposures
The Importance Of Legal Enforceability
Systemic Risks In Multilateral Netting Systems
Section 3 Broader Implications of Netting
Market Implications Of Contract Netting
Implications For Central Banking And Supervisory Practices
PART C Minimum Standards for the Design and Operation of Cross­Border and Multi­Currency Netting and Settlement Schemes
PART D Principles for Co­Operative Central Bank Oversight of Cross­Border and Multi­Currency Netting and Settlement Schemes
Annex List of Members of the Committee on Interbank Netting Schemes

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