The Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) are two of the standard-setters that provide guidance on the Principles for Financial Market Infrastructures (PFMI). IOSCO Principles are an international benchmark against which the effectiveness of securities regulatory regimes is assessed.
Thomas Murray is pleased to announce the compliance of The Securities Clearing Center Company, Muqassa, with the PFMI conducted by our team in the CPMI-IOSCO self-assessment to gauge FMI risk in the context of best global practices for the cash and derivatives market, in addition to the REPO clearing service.
Since 1994, Thomas Murray has been supporting decision-makers to reduce risk, build security and create opportunity. Our risk management and capital markets experts are pleased to have been able to further Muqassa’s mission to aid the Kingdom of Saudi Arabia’s efforts to comply with mandates set by the G-20 authorities.