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The Committee on Payments and Market Infrastructures and IOSCO assessed the practices that central counterparties utilize when managing potential losses caused by non-default events, specifically in the context of recovery or orderly wind-down.

A firm settled FINRA charges for failing to (i) establish a reasonable supervisory system over potentially manipulative activity and customer credit limits, (ii) document review of the firm's market access risk management controls and (iii) accurately transmit information to the Order Audit Trail System.