CPMI-IOSCO PFMI Self Assessment

In April 2012, CPMI-IOSCO published the Principles for Financial Market infrastructures (PFMIs), a set of 24 high-level principles which set minimum recommended standards for the operations of FMIs (Central Securities Depositories (CSDs), Securities Settlement Systems (SSSs), Central Counterparties (CCPs), Payment Systems (PS) and Trade Repositories (TRs)). FMIs are expected to undertake self-assessments to gauge their level of compliance with the PFMIs every 2 years, or when proposing new services, proposing changes to risk controls or when material changes are made to their systems or environment.

Thomas Murray (TM) has assisted a number of FMIs complete their assessments since 2013.

To support the service, TM launched the PFMI Implementation Matrix (PIM) in July 2017 to monitor the current status of the assessment of each of the 361 FMI’s across 106 markets on a quarterly basis.