Modernizing the Legal Framework in Compliance with the CPSS-IOSCO Principles ...

11/27/2017 - 12/01/2017 at Ebene, Mauritius

The financial market infrastructures (FMIs) are generally sophisticated multilateral systems that handle significant transaction volumes and sizable monetary values. These systems are used for the purposes of clearing, settling, or recording payments, securities, derivatives, or other financial transactions. FMIs allow participants to manage their risks more effectively and efficiently, and, in some instances, reduce or eliminate certain risks. Some are critical to helping central banks conduct monetary policy and maintain financial stability. By performing centralized activities, however, FMIs concentrate risks and create interdependencies between and among FMIs and participating institutions.