The Committee on Payments and Market Infrastructures (CPMI) and the Board of the International Organization of Securities Commissions (IOSCO) published a report entitled Resilience and recovery of central counterparties (CCPs): Further guidance on the PFMI (Report), which seeks to clarify how CCPs should implement the CPMI-IOSCO Principles for Financial Market Infrastructures (PFMI). The PFMI strengthen… Continue Reading