The Committee on Payment and Settlement Systems (CPSS) and the International Organization of Securities Commissions (IOSCO) have published a consultation report on the assessment methodology for the oversight expectations applicable to critical service providers. The consultation paper contains:

  • an assessment methodology;
  • guidance for regulators, supervisors and overseers in assessing a financial market infrastructure’s (FMI) critical service providers against the five oversight expectations that are set out in Annex F of the CPSS-IOSCO Principles for FMIs (PFMIs), that were published in April 2012;
  • advice on cooperation among authorities; and
  • guidance to critical service providers in complying with the oversight expectations.

The consultation report also covers questions on the following topics:

  • risk identification and management;
  • information security;
  • reliability and resilience;
  • technology planning; and
  • communication with users.

Comments on the key questions in the assessment methodology are invited by 20 February 2014.

View Consultative report: principles for financial market infrastructures: assessment methodology for the oversight expectations applicable to critical service providers, 18 December 2013

Leave a Reply

Your email address will not be published. Required fields are marked *