Regulatory Alerts2023-07-31
FMI Standard 15: General Business Risk
The Reserve Bank of New Zealand and the Financial Markets Authority jointly issued FMI Standard 15 to require designated Financial Market Infrastructure operators to identify, monitor, and manage general business risk. The standard mandates that operators maintain sufficient high-quality liquid net assets funded by equity to cover potential losses and ensure the continuity of essential services. Additionally, operators must implement viable recovery or wind-down plans and hold equity reserves equivalent to at least six months of operating expenses.
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