CPMI and IOSCO publish final report on general business risk and loss management for financial market infrastructures
Global standard-setting bodies publish final report on guidance for FMIs on general business risks and general business losses
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CPMI and IOSCO have published a final report on the management of general business risks and general business losses by financial market infrastructures, providing supplementary guidance on the PFMI Principles. The report covers risk identification, monitoring and management; establishes a minimum amount of liquid net assets funded by equity; and sets out related governance and transparency requirements. It also applies in recovery and orderly wind-down scenarios.
The report brings general business risks, equity-funded liquid net assets, and governance and transparency into a single guidance framework for use by financial market infrastructures and relevant regulators in risk management and orderly wind-down.
Source:BIS — Media releases · bis.org