I estimate we have 20 minutes for each principle on average

Presentación del tema: "I estimate we have 20 minutes for each principle on average"— Transcripción de la presentación:

1 I estimate we have 20 minutes for each principle on average
IDB ACSDA Regional Public Good Support for Strengthening Compliance on a Regional Basis with the Global Principles for Financial Market Infrastructures Nassau, Bahamas April 11, 2018

2 Project Overview and Status: Group Coordination
Colombia Deceval El Salvador Cedeval Bolivia EDV Paraguay BVPASA Panama LatinClear Costa Rica InterClear Jamaica JCSD East. Caribb. ECCSD Peru Cavali Dom. Rep Cevaldom Barbados BCSDI Uruguay BCU Guatemala CVN Bermuda BSD Uruguay BVM

3 Project Overview and Status: Group Coordination
Benefiting CSDs Colombia Deceval Panama LatinClear Peru Cavali Uruguay BCU Uruguay BVM Barbados BCSDI Guatemala CVN Paraguay BVPASA Bermuda BSD East. Caribb. ECCSD Costa Rica InterClear El Salvador Cedeval Jamaica JCSD Bolivia EDV Dom. Rep Cevaldom Colombia SFC Panama SMV Peru Uruguay SSF -BCU Costa Rica SUGEVAL El Salvador SSF Jamaica FCS Bolivia ASFI Participating Regulators Argentina CVSA Chile DCV Mexico Indeval Contributing CSDs

4 Project Overview and Status: Group Coordination
Steering Committee ACSDA IDB GCI

5 Project Overview and Status
PFMI Workshop Panama, May 22-24 Self-Assessment Kick-off Final Reports Begin On-site Visits Begin 2017 2018 May Jun Jul Ago Sep Oct Nov Dec 2018 Feb Mar Apr May Jun Today Continuous Self-Assessment Support to CSDs Second Group Begins Second Group Completion Third Group Begins First Group Completion On-site Visits First Group Completion Disclosure Framework and Self-Assessment Reports Remediation Action Items

6 Project Overview and Status

7 On-Site Visits Group 1 Deceval – Colombia Latin Clear – Panama Cavali - Peru

8 I – Visitas Presenciales: I – Visitas Presenciales:
On-Site Visits Group 1 BCU – Uruguay BVM – Uruguay I – Visitas Presenciales: I – Visitas Presenciales:

9 On-site Visits: Group 2 Cedeval – El Salvador InterClear – Costa Rica

10 On-site Visits: Group 2 Cevaldom – Dominican Rep. CVN - Guatemala

11 2 CSDs with no SSS Functions
Main Findings 9 ACSDA Member FMIS 2 CSDs with no SSS Functions 7 CSDs with SSS Role 4 SSSs are DVP Model 1 3 SSSs are DVP Model 2

12 Main Findings Observed Broadly Observed Partly Observed

13 Main Findings Observed Broadly Observed Partly Observed Not Applicable

14 Main Findings Observed Broadly Observed Partly Observed Not Observed
Not Applicable

15 Main Findings Observed Broadly Observed Partly Observed

16 Main Findings Observed Broadly Observed Partly Observed Not Observed

17 Issues Limited Resources Scope of Applicability (CSDs, SSSs and CCPs)
Gradual implementation: considerations regarding each markets’ individual characteristics Regulatory Support Interpretation of the Principles

18 Next Steps Remediation Plan Periodic Review ACSDA Support
Criticality, Complexity, Expense, Resource Availability Include any changes (regulatory, market, etc) Coordination with regulators and other stakeholders ACSDA Support Website Communication with IOSCO, IMF World Bank on Regional Progress Collective Consulting on Remediation plans