Central Banking

Bank of Spain's disclosure for settlement systems

In February 1997 the CPSS/BIS published the "Disclosure framework for securities settlement" that was elaborated together with IOSCO (http://www.bis.org/publ/cpss20.htm). Many securities settlement systems have in the meantime made information on their system's operation and its allocation of risks available to the general public (http://www.bis.org/publ/cpss20resp.htm).

The Spanish central bank has now published a revised version of the responses to the disclosure framework for the Spanish

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