CPMI and IOSCO Update Progress on Payment, Clearing and Settlement Standards
The Committee on Payments and Market Infrastructures ("CPMI") and IOSCO updated the Level 1 assessments online tracker, which shows self-reported progress on the implementation of the Principles for Financial Market Infrastructures for certain financial market infrastructures.
According to CPMI-IOSCO, the update demonstrates that participating jurisdictions are moving forward toward implementing international standards for payment systems, central securities depositories, securities settlement systems, central counterparties and trade repositories.