Committee on Payments and Market Infrastructures

Market Infrastructure

CPMI-IOSCO Publish Multi CCP Stress Testing Framework

By Editors | 12/04/2018

Framework supports stress tests examining potential macro-level impact of common stress event affecting multiple CCPs to gauge interdependencies between markets, CCPs and other entities.

Market Infrastructure

CPMI-IOSCO Issues Technical Guidance on OTC Derivatives Data

By Manesh Samtani | 12/04/2018

Guidance excludes UTI and UPI standards, includes parameters for how data should be reported rather than specific regulatory requirements.

Fintech / Regtech

BIS, CPMI Report Outlines Dangers of Central Bank Digital Currencies

By Manesh Samtani | 14/03/2018

Central bank-issued digital currencies can enhance payments, settlement, efficiency; but financial stability implications warrant consideration.

AML / KYC

New Initiative to Help Boost Correspondent Banking Relationships

By Editors | 08/03/2018

Wolfsberg Group Questionnaire has potential to reduce costs associated with KYC application and streamline the establishment and maintenance of correspondent banking relationships.

Capital / Liquidity

IMF, World Bank Issue Reports on India Financial Supervision, Market Infrastructure

By Samuel Riding | 24/01/2018

Reports praise progress but suggest more can be done on governance at public sector banks, market infrastructure risk management, among other issues.

Fintech / Regtech

CPMI, IOSCO Call for Uniformity in UPI Creation, Reporting

By Editors | 02/10/2017

Report proposes that each UPI maps to reference data which indirectly describes an OTCD product without identifying transaction details.

Securities / Derivatives

Japanese Banks Call for Narrower OTCD Reporting Requirements

By Samuel Riding | 04/09/2017

Japanese Bankers Association says data elements should be narrower; concerned about cost of reporting given different collateral settlement timings.

Securities / Derivatives

ISDA Urges EU Not to Force Local Clearing Post Brexit

By Editors | 23/08/2017

Trade organisation says move to local CCPs could push up initial margin costs by 20% or more; cites Australian equivalency model.

Capital / Liquidity

Singapore Market Infrastructure Regime Gains CPMI/IOSCO Approval

By Editors | 18/07/2017

Peer review finds MAS meets all but one of 24 principles designed to shore up systemically important market infrastructure including central counterparties.