Financial Market Infrastructures (FMIs)
About the course
Agenda
- Introductions to types of FMIs, Payment systems, CSDs, SSSs, CCP, TRs and their role in the financial systems and systemic stability
- Deep diving into key global standard: CPMI-IOSCO Principles for FMIs (PFMIs)
- Overview of FMI risk types: credit, liquidity, operational, legal, custody and investment risks
- Interdependencies among FMIs and contagion channel
- Central banks’ role as operator, overseer and catalyst: Oversight framework and supervisory expectations
