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Board of Governors of the Federal Reserve System
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Federal Reserve Board of Governors

Joint Press Release

Board of Governors of the Federal Reserve System
Commodity Futures Trading Commission
Securities and Exchange Commission
For immediate release
March 10, 2011

U.S. Regulators Encourage Comments on the CPSS-IOSCO Consultative Report on the Principles for Financial Market Infrastructures

The Committee on Payment and Settlement Systems (CPSS) and the Technical Committee of the International Organization of Securities Commission (IOSCO) today released for comment the consultative report on the Principles for Financial Market Infrastructures. The CPSS and IOSCO expect these principles to play an important role in the future regulation of financial market infrastructures around the world. The Board of Governors of the Federal Reserve System, a member of the CPSS, and the U.S. Commodity Futures Trading Commission and the U.S. Securities and Exchange Commission, members of the Technical Committee of IOSCO, encourage interested persons to review and comment on the consultative report. The deadline for submitting comments on the Principles for Financial Market Infrastructures is July 29, 2011.

The consultative report contains updated and new proposed international principles for systemically important payment systems, central securities depositories, securities settlement systems, central counterparties, and trade repositories. The 24 proposed principles would replace existing CPSS and CPSS-IOSCO standards for payment, clearing, and settlement systems previously published in the Core Principles for Systemically Important Payment Systems, Recommendations for Securities Settlement Systems, and Recommendations for Central Counterparties and introduce principles for trade repositories for the first time.

The consultative report on the Principles for Financial Market Infrastructures is available at www.bis.org/publ/cpss94.htm Leaving the Board. Comments on the report should be sent via e-mail to cpss@bis.org and to fmi@iosco.org
 

Media Contacts:
Federal Reserve 202-452-2955
CFTC 202-418-5080
SEC 202-551-4120

 

 
Last update: March 10, 2011