Non-bank e-money issuers and other entities can become direct participants of the RTGS payment system without being sponsored by existing participants.
December 29, 2022Some financial market infrastructures have not yet developed their cyber response and recovery plans to meet the two-hour recovery time objective.
November 30, 2022The FMI Standards are likely to be issued in early 2023 and take effect around 1 August 2023 - once FMI designations are complete.
September 26, 2022The RTGS system shall be operated, managed and maintained by the BSP given its recent designation as a systemically important payment system.
May 26, 2022Interconnectedness, while providing benefits, poses certain risks that need to be recognised and analysed to guard against system-wide vulnerabilities, DTCC says.
May 6, 2022Changes from the consultation relate to the treatment of critical service providers and introduce discretion regarding the publication of material breaches.
January 21, 2022There is no standard approach to identifying the types of data that need to be protected, nor the manner in which that data should be protected.
September 24, 2021CPMI annual work programme highlights cross-border payments, stablecoins, CBDCs, central clearing and FMI risks as key priorities.
August 6, 2021The consultation seeks views on how financial market infrastructures will be identified as systemically important and the proposed approach to developing standards.
July 27, 2021Some FMIs do not fully meet expectations with respect to recovery from operational incidents, such as natural disasters or IT systems outage.
July 22, 2021