Regulatory Alerts2022-06-19
Principles for Financial Market Infrastructures
The Committee on Payment and Settlement Systems and the Technical Committee of the International Organization of Securities Commissions issued this document to establish updated international standards for financial market infrastructures. It defines 24 principles requiring FMIs to maintain robust legal bases, comprehensive risk management frameworks, and clear governance structures to ensure safety and efficiency. The report also outlines five responsibilities for central banks and regulators to effectively oversee these entities and cooperate internationally to promote financial stability.
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