The Financial Stability Board (FSB) has published a consultative document on guidance on continuity of access to financial market infrastructures (FMIs) for a firm in resolution.
The consultative document proposes a set of arrangements to support continued access to FMIs by a firm in resolution. Those arrangements apply at the level of the providers of critical FMI services, at the level of FMI participants and at the level of the relevant resolution and FMI authorities. The consultative document builds on Part II of II – Annex 1 of the Key Attributes on the Resolution of FMI Participants which sets out objectives for FMI participants and FMI rules and procedures to manage the resolution of a participant. It should also be read in conjunction with the FSB’s guidance on Arrangements to Support Operational Continuity in Resolution of 18 August 2016.
The deadline for comments on the consultative guidance is 10 February 2017.
View FSB consults on guidance on continuity of access to FMIs for a firm in resolution, 16 December 2016