Featured Product

    CPMI-IOSCO Publish Update to Level 1 Assessment of PFMI Implementation

    March 14, 2019

    CPMI and IOSCO jointly updated the Level 1 Assessment Online Tracker on monitoring of the implementation of the Principles for financial market infrastructures (PFMI). The online tracker shows progress of various jurisdictions in implementing the international standards for payment systems, central securities depositories, securities settlement systems, central counterparties, and trade repositories. The assessment shows that further progress has been made among some participating jurisdictions that had not completely adopted the implementation measures at the time of the fifth update to Level 1 assessment report, which was published in July 2018.

    Notably, Korea and South Africa have completed the process of adopting measures that will enable them to implement the PFMI for all financial market infrastructure (FMI) types. Argentina, Chile, and Indonesia have also reported progress in adopting the measures that will facilitate their implementation of the PFMI, although additional progress is needed to achieve the highest rating for all FMI types. Thus, 23 of the 28 jurisdictions that participate in the implementation monitoring program have adopted measures for all FMI types.

    The Level 1 implementation monitoring is based on self-assessments by individual jurisdictions of how they have adopted measures to implement the 24 Principles for financial market infrastructures and four of the five responsibilities for authorities that are included in the PFMI. The online tracker does not require the publication of a Level 1 assessment report, thus permitting jurisdictions to update their information more quickly. Jurisdictions rated their level of implementation using the following four-point scale:

    • 1: draft implementation measures are not published
    • 2: draft implementation measures are published
    • 3: final implementation measures are published but are not yet in force
    • 4: final implementation measures are in force
    • NA: no implementation measures are needed 

     

    Related Links

    Keywords: International, Banking, Securities, Level 1 Assessments, FMI, PMI, PFMI, Implementation Monitoring, IOSCO, CPMI, BIS

    Related Articles
    News

    ECB Finalizes Methodology to Assess CCR and A-CVA Risk of Banks

    ECB finalized the guide on assessment methodology for the internal model method for calculating exposure to counterparty credit risk (CCR) and the advanced method for own funds requirements for credit valuation adjustment (A-CVA) risk.

    September 18, 2020 WebPage Regulatory News
    News

    EBA Provides Opinion on Definition of Credit Institution in CRR

    EBA published an Opinion addressed to EC to raise awareness about the opportunity to clarify certain issues related to the definition of credit institution in the upcoming review of the Capital Requirements Directive and Regulation (CRD and CRR).

    September 18, 2020 WebPage Regulatory News
    News

    APRA Consults on Alignment of Daily Liquidity Report for Banks

    APRA is consulting on updates to ARS 210.0, the reporting standard that sets out requirements for provision of information on liquidity and funding of an authorized deposit-taking institution.

    September 17, 2020 WebPage Regulatory News
    News

    FED Releases Scenarios for Second Round of Stress Tests on Banks

    FED released hypothetical scenarios for a second round of stress tests for banks.

    September 17, 2020 WebPage Regulatory News
    News

    PRA Announces Update on Supervisory Benchmarking Portfolio Exercise

    PRA published updates in relation to the 2021 Supervisory Benchmarking Portfolio exercise.

    September 14, 2020 WebPage Regulatory News
    News

    FED Revises and Extends Capital Assessment and Stress Testing Reports

    FED adopted a proposal to extend for three years, with revision, the capital assessments and stress testing reports (FR Y-14A/Q/M; OMB No. 7100-0341).

    September 14, 2020 WebPage Regulatory News
    News

    HKMA Updates Policy Module for Non-Centrally Cleared OTC Derivatives

    HKMA revised the Supervisory Policy Manual module CR-G-14 on margin and other risk mitigation standards for non-centrally cleared over-the-counter (OTC) derivatives transactions.

    September 11, 2020 WebPage Regulatory News
    News

    EBA Updates List of Validation Rules for Reporting by Banks

    EBA issued a revised list of validation rules with respect to the implementing technical standards on supervisory reporting.

    September 10, 2020 WebPage Regulatory News
    News

    EBA Responds to EC Call for Advice to Strengthen AML/CFT Framework

    EBA published its response to the call for advice of EC on ways to strengthen the EU legal framework on anti-money laundering and countering the financing of terrorism (AML/CFT).

    September 10, 2020 WebPage Regulatory News
    News

    NGFS Advocates Environmental Risk Analysis for Financial Sector

    NGFS published a paper on the overview of environmental risk analysis by financial institutions and an occasional paper on the case studies on environmental risk analysis methodologies.

    September 10, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 5803