PFMI stands for "Principles for Financial Market Infrastructures." These principles are a set of international standards and guidelines developed by the Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO). The primary purpose of the PFMI is to enhance the safety and efficiency of financial market infrastructures (FMIs) on a global scale.
FMIs are key components of financial markets and include payment systems, central securities depositories, central clearinghouses (also known as central counterparties or CCPs), and securities settlement systems. They play a crucial role in facilitating the clearing, settlement, and recording of financial transactions, as well as the transfer of funds and securities.
The PFMI includes 24 principles that cover various aspects of FMIs, with a focus on risk management, operational resilience, transparency, and governance. Some of the key areas addressed by the PFMI include:
Legal Framework
Governance
Risk Management
Operational & Security Risks
Access and Participation
Default Management
Settlement Finality
Transparency
Efficiency
Our PFMI compliance services help you comply with the international standards for financial market infrastructures (FMIs), such as central counterparties (CCPs), central securities depositories (CSDs), and payment systems. We can help you assess your compliance with the 24 principles and 5 responsibilities of the PFMI, and provide recommendations
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