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A financial market must identify operational risks: both internally and across the market and its participants. Where appropriate, they should mitigate the risks through controls. [1] Systems used by the market must have a high degree of reliability and security, and must have sufficient capacity for the needs of the market. [1]
Financial market infrastructure refers to systems and entities involved in clearing, settlement, and the recording of payments, securities, derivatives, and other financial transactions. [1] Depending on context, financial market infrastructure may refer to the category in general, or to individual companies or entities (thus also used in ...
Section 804 of the Dodd–Frank Wall Street Reform and Consumer Protection Act (DFA) provides the Financial Stability Oversight Council (FSOC) the authority to designate a financial market utility (FMU) that it determines is or is likely to become systemically important because the failure of or a disruption to the functioning of the FMU could create, or increase, the risk of significant ...
The Cambridge Centre for Alternative Finance was established in 2015 , and is a part of the Cambridge Judge Business School, University of Cambridge.The Centre is a research and education institute focused on researching technology-enabled financial innovation and its interplay with policy, regulation, supervision and infrastructure.
International Financial Services Centres Authority Committee on Market Infrastructure Institutions (IFSCA-CMII) - This committee regulates and oversees the functioning of market infrastructure institutions like stock exchanges, clearing corporations, and depositories in IFSCs. [33] [34]
As of November 2011 when the G-SIFI paper was released by the FSB, [5] a standard definition of N-SIFI had not been decided. [9] However, the BCBS identified [when?] factors for assessing whether a financial institution is systemically important: its size, its complexity, its interconnectedness, the lack of readily available substitutes for the financial market infrastructure it provides, and ...
Promote a coordinated program of reforms to deliver resilient sources of market-based finance, including addressing structural vulnerabilities associated with asset management; Develop robust financial market infrastructure, including assessing policies on central counterparty resilience, recovery, and resolvability, and recommending any ...
NAFMII is the relevant authority for issuance of debt securities by non-financial corporations on the Interbank Bond Market. [2]: 11 With respect to such securities, it also acts as a supervisor of Chinese credit rating agencies, [4] as do the CSRC and NDRC for their respective bond market segments. [2]: 160