CPSS and Iosco set out central bank responsibilities for FMIs
The Committee on Payment and Settlement Systems (CPSS) and the International Organization of Securities Commissions (Iosco) today (April 16) published "new and more demanding" international standards for payment, clearing and settlement systems, including central counterparties, in a report titled Principles for financial market infrastructures (FMIs).
The 188-page document contains 24 principles replacing three existing sets of international guidelines. "CPSS and Iosco have strengthened and
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