News release: “The Committee on Payment and Settlement Systems (CPSS) and the Technical Committee of the International Organization of Securities Commission (IOSCO) today released for comment the consultative report on the Principles for Financial Market Infrastructures. The CPSS and IOSCO expect these principles to play an important role in the future regulation of financial market infrastructures around the world. The Board of Governors of the Federal Reserve System, a member of the CPSS, and the U.S. Commodity Futures Trading Commission and the U.S. Securities and Exchange Commission, members of the Technical Committee of IOSCO, encourage interested persons to review and comment on the consultative report. The consultative report contains updated and new proposed international principles for systemically important payment systems, central securities depositories, securities settlement systems, central counterparties, and trade repositories. The 24 proposed principles would replace existing CPSS and CPSS-IOSCO standards for payment, clearing, and settlement systems previously published in the Core Principles for Systemically Important Payment Systems, Recommendations for Securities Settlement Systems, and Recommendations for Central Counterparties and introduce principles for trade repositories for the first time.”
Pay for a day's hosting for this site... same as buying the blogger a cup of coffee.