General Information & Client Service
  • Americas: +1.212.553.1653
  • Asia: +852.3551.3077
  • China: +86.10.6319.6580
  • EMEA: +44.20.7772.5454
  • Japan: +81.3.5408.4100
Media Relations
  • New York: +1.212.553.0376
  • London: +44.20.7772.5456
  • Hong Kong: +852.3758.1350
  • Tokyo: +813.5408.4110
  • Sydney: +61.2.9270.8141
  • Mexico City: +001.888.779.5833
  • Buenos Aires: +0800.666.3506
  • São Paulo: +0800.891.2518
July 23, 2018

CPMI and IOSCO published the fifth update to the Level 1 assessments of implementation monitoring of the Principles for financial market infrastructures (PFMI). The update is based on self-assessments by individual jurisdictions of how they have adopted the 24 PFMIs and four of the five Responsibilities for authorities. Overall, the results show that jurisdictions are making progress on implementing international standards for payment, clearing, and settlement systems.

Further progress has been made among some participating jurisdictions that had not completed their implementation measures at the time of the 2017 update. Twenty-one of the 28 jurisdictions have completed the implementation of measures for all Financial Market Infrastructure types, compared to 20 in the previous update. Of the eight jurisdictions (Argentina, Chile, Indonesia, Korea, Mexico, Saudi Arabia, South Africa,and the U.S.) that had not self-attested to full implementation of the Principles for all FMI types as reported in the previous update, four (Chile, Mexico, Saudi Arabia, and the U.S.) have reported improved ratings for the current, fifth update, with one jurisdiction (Mexico) now reporting full implementation status. Four jurisdictions (Argentina, Indonesia, Korea, and South Africa) reported no change in their ratings. 

This report reflects the status of jurisdictions' legal, regulatory, or policy frameworks as of January 01, 2018 and will be the last published report of the Level 1 assessments. Future updates will be published on the CPMI and IOSCO websites in an online format. The CPMI and IOSCO continue to monitor the completeness of jurisdictions' implementation measures, their consistency with the PFMI, and the consistency in the outcomes of such frameworks (Level 2 and 3 assessments). 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, PMI, Banking, PFMI, FMI, Implementation Monitoring, CPMI, IOSCO

Related Insights
News

BCBS Finds Liquidity Risk Management Principles Remain Fit for Purpose

BCBS completed a review of its 2008 Principles for sound liquidity risk management and supervision. The review confirmed that the principles remain fit for purpose.

January 17, 2019 WebPage Regulatory News
News

MAS Guidelines on Risk Mitigation Requirements for OTC Derivatives

MAS published guidelines on risk mitigation requirements for non-centrally cleared over-the-counter (OTC) derivatives contracts.

January 17, 2019 WebPage Regulatory News
News

HKMA Urges Local Banks to Start Working on FRTB Implementation

HKMA announced that it plans to issue a consultation paper on the new market risk standard in the second quarter of 2019.

January 17, 2019 WebPage Regulatory News
News

EBA Finalizes Guidelines for High-Risk Exposures Under CRR

EBA published the final guidelines on the specification of types of exposures to be associated with high risk under the Capital Requirements Regulation (CRR). The guidelines are intended to facilitate a higher degree of comparability in terms of the current practices in identifying high-risk exposures.

January 17, 2019 WebPage Regulatory News
News

BoE Publishes the Schedule for Statistical Reporting for 2019

BoE published the updated schedule for statistical reporting for 2019. The reporting institutions use the online statistical data application (OSCA) to submit statistical data to BoE.

January 16, 2019 WebPage Regulatory News
News

PRA Delays Final Direction on Reporting of Private Securitizations

PRA and FCA have delayed the issuance of final direction, including the final template, on reporting of private securitizations, from January 15, 2019 to the end of January 2019.

January 15, 2019 WebPage Regulatory News
News

SNB Updates Forms on Supervisory Reporting for Banks

SNB published Version 1.7 of reporting forms (AUR_U, AUR_UEA, AUR_UES, AURH_U, AUR_K, AUR_KEA, and AURH_K) and the related documentation for supervisory reporting on an individual and consolidated basis.

January 15, 2019 WebPage Regulatory News
News

BCBS Finalizes Market Risk Capital Framework and Work Program for 2019

BCBS published the final framework for market risk capital requirements and its work program for 2019. Also published was an explanatory note to provide a non-technical description of the overall market risk framework, the changes that have been incorporated into in this version of the framework and impact of the framework.

January 14, 2019 WebPage Regulatory News
News

EBA Single Rulebook Q&A: First Update for January 2019

EBA published answers to 13 questions under the Single Rulebook question and answer (Q&A) updates for this week.

January 11, 2019 WebPage Regulatory News
News

PRA Proposes to Amend Supervisory Statement on Credit Risk Mitigation

PRA published the consultation paper CP1/19 that is proposing changes to the supervisory statement (SS17/13) on credit risk mitigation.

January 10, 2019 WebPage Regulatory News
RESULTS 1 - 10 OF 2473