New Standards for Financial Market Infrastructures

16 April 2012, Basel, Switzerland
 
The Committee on Payment and Settlement Systems (CPSS), part of the Bank for International Settlements (BIS), in cooperation with International Organization of Securities Commissions (IOSCO) issue new standards that promote global efforts to strengthen financial market infrastructures (FMIs):
• a report entitled Principles for financial market infrastructures
• a consultation paper on an Assessment methodology for these new standards
• a consultation paper on a Disclosure framework for the standards
 
The new report is designed to ensure that the infrastructure supporting global financial markets is more secure and to avoid the withstand financial shocks. The revised principles update, harmonize and strengthen the risk management and related standards for financial market infrastructures; that include systemically important payment systems, central securities depositories, securities settlement systems, central counterparties, and trade repositories.
 
For more details please refer to Press release.
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