IOSCO and CPMI Report on Recovery of Financial Market Infrastructures

On October 15, following a consultation launched in August 2013, the International Organization of Securities Commission (IOSCO) and the Committee on Payments and Market Infrastructure (CPMI) issued a joint report on the recovery of financial market infrastructures (FMIs).

The report supplements the international standard for FMIs published by IOSCO and CPMI in April 2012 and contains guidance to FMIs on the means of developing plans to enable recovery from threats to viability and financial strength which could prevent them from providing critical services to their participants and the markets they serve.  The report also provides guidance to relevant authorities on carrying out their responsibilities in connection with the development and implementation of recovery plans.  Report.