Clearstream responds to securities questionnaire 06 August 2014Frankfurt Reporter: Stephen Durham
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The 2014 version of Clearstream Banking Luxembourg (CBL)’s BIS-IOSCO disclosure framework for securities settlement services (SSS) has been published on the bank’s website.
The report is CBL’s response to the disclosure framework for Securities Settlement Systems Questionnaire of the Bank of International Settlements (BIS) Committee on Payment and Settlement Systems (CPSS) and the International Organisation of Securities Commissions (IOSCO).
The framework is completed by SSS operators for the benefit of their direct participants, both current and potential, as well as for indirect participants.
The disclosure framework is intended to help market participants and regulators organise and understand the information required to appraise the risks, including any systemic risks, potentially associated with SSSs.
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