Background to the CPMI and IOSCO Principles

The Committee on Payment and Market Infrastructures (CPMI) contributes to strengthening the financial market infrastructures through promoting sound and efficient payment, clearing and settlement systems. The CPMI is a standard setting body for payment, clearing and securities settlement systems. It also serves as a forum for central banks to monitor and analyse developments in domestic payment, clearing and settlement systems as well as in cross-border and multicurrency settlement schemes.

In April 2012, the CPMI published revised Principles for financial market infrastructures (PFMIs) setting out new and more demanding international standards for payment, clearing and settlement systems, including central counterparties. Issued by the CPMI and the International Organization of Securities Commissions (IOSCO), the new standards are designed to ensure that the infrastructures supporting global financial markets is more robust and thus well placed to withstand financial shocks.

Please see BIS website for more information on the Bank for International Settlements and the role of the Committee on Payments and Market Infrastructures (CPMI) with respect to promoting the safety and efficiency of payment, clearing, settlement and related arrangements.

In line with the CPMI-IOSCO recommendation, CHAPS Co has published a summary of our CPMI-IOSCO disclosure report.