CPMI-Iosco report recommends tools for recovering FMIs
Resolution seen as an absolute last resort
A report unveiled today sets out a range of tools designed to help restore the viability of a financial market infrastructure (FMI) and prevent the breakdown of critical services.
The report, jointly published by the Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (Iosco), builds on past work in setting standards for FMIs – namely the Principles for Financial Market Infrastructures, published in 2012.
The report sets out a
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