Featured Product

    CPMI/IOSCO Publish Update to Level 1 Assessment of Monitoring of PFMI

    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 Articles
    News

    BoE Clarifies Approach to Treatment of Payment Holidays on Form PL

    BoE published a statistical notice (Notice 2020/9) explaining the approach for treatment of payment holidays on the profit and loss return or Form PL.

    August 11, 2020 WebPage Regulatory News
    News

    BoE Provides Reporting Update on Form AS and Form FV

    BoE updated the known issues document for the statistical reporting Forms AS and FV.

    August 10, 2020 WebPage Regulatory News
    News

    FED Announces Capital Requirements for Large Banks

    FED announced individual capital requirements for 34 large banks and these requirements go into effect on October 01, 2020.

    August 10, 2020 WebPage Regulatory News
    News

    SRB Publishes Guidance on Implementation of Bail-In Tool

    SRB published a set of documents to give operational guidance to banks on implementation of the bail-in tool.

    August 10, 2020 WebPage Regulatory News
    News

    BIS Publishes Update on G20 TechSprint Initiative

    BIS published an update on the G20 TechSprint Initiative, which was launched in April 2020 and aims to highlight the potential for technologies to resolve regulatory compliance (regtech) and supervisory (suptech) challenges.

    August 10, 2020 WebPage Regulatory News
    News

    OSFI Provides Update on Implementation of IFRS 17 in Canada

    OSFI published a letter that provides an update on the milestones for the implementation of the IFRS 17 standard on insurance contracts.

    August 07, 2020 WebPage Regulatory News
    News

    EBA Provides Clarity on Implementation of Guidance on COVID Reporting

    EBA updated the report on the implementation of selected COVID-19 policies.

    August 07, 2020 WebPage Regulatory News
    News

    FSI Note Discusses Challenges Associated with COVID Relief Measures

    The Financial Stability Institute (FSI) of BIS published a brief note that examines the supervisory challenges associated with certain temporary regulatory relief measures introduced by BCBS and prudential authorities in response to the COVID-19 pandemic.

    August 06, 2020 WebPage Regulatory News
    News

    BCBS Consults on Principles for Operational Risk and Resilience

    BCBS is consulting on the principles for operational resilience and the revisions to the principles for sound management of operational risk for banks.

    August 06, 2020 WebPage Regulatory News
    News

    BoE Updates Template and Definitions for Form ER

    BoE updated the reporting template for Form ER as well as the Form ER definitions, which contain guidance on the methodology to be used in calculating annualized interest rates.

    August 05, 2020 WebPage Regulatory News
    RESULTS 1 - 10 OF 5650