CPMI-IOSCO Principles for Financial Market Infrastructures
The 24 international principles for payment systems, central securities depositories, securities settlement systems, central counterparties and trade repositories: legal basis, governance, risk management, credit, collateral, margin, liquidity, settlement finality, money settlements, default management, business and operational risk, access, efficiency and disclosure.
CPMI-IOSCO Principles for Financial Market Infrastructures is a compliance framework from International with 9 domains and 24 controls. The largest domains are Credit and liquidity risk management (Principles 4 to 7) – CPMI-IOSCO Principles for Financial Market Infrastructures (4 controls), Access (Principles 18 to 20) – CPMI-IOSCO Principles for Financial Market Infrastructures (3 controls), General business and operational risk management (Principles 15 to 17) – CPMI-IOSCO Principles for Financial Market Infrastructures (3 controls). Every control below carries what it requires and what an assessor expects to see.
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Framework Domains (9)
Access (Principles 18 to 20) – CPMI-IOSCO Principles for Financial Market Infrastructures
| Code | Title |
|---|---|
| cpmi-iosco-principles-for-financial-market-infrastructures::P18 | Principle 18 Access and participation requirements |
| cpmi-iosco-principles-for-financial-market-infrastructures::P19 | Principle 19 Tiered participation arrangements |
| cpmi-iosco-principles-for-financial-market-infrastructures::P20 | Principle 20 FMI links |
Central securities depositories and exchange-of-value settlement (Principles 11 and 12) – CPMI-IOSCO Principles for Financial Market Infrastructures
| Code | Title |
|---|---|
| cpmi-iosco-principles-for-financial-market-infrastructures::P11 | Principle 11 Central securities depositories |
| cpmi-iosco-principles-for-financial-market-infrastructures::P12 | Principle 12 Exchange-of-value settlement systems |
Credit and liquidity risk management (Principles 4 to 7) – CPMI-IOSCO Principles for Financial Market Infrastructures
| Code | Title |
|---|---|
| cpmi-iosco-principles-for-financial-market-infrastructures::P4 | Principle 4 Credit risk |
| cpmi-iosco-principles-for-financial-market-infrastructures::P5 | Principle 5 Collateral |
| cpmi-iosco-principles-for-financial-market-infrastructures::P6 | Principle 6 Margin |
| cpmi-iosco-principles-for-financial-market-infrastructures::P7 | Principle 7 Liquidity risk |
Default management (Principles 13 and 14) – CPMI-IOSCO Principles for Financial Market Infrastructures
| Code | Title |
|---|---|
| cpmi-iosco-principles-for-financial-market-infrastructures::P13 | Principle 13 Participant-default rules and procedures |
| cpmi-iosco-principles-for-financial-market-infrastructures::P14 | Principle 14 Segregation and portability |
Efficiency (Principles 21 and 22) – CPMI-IOSCO Principles for Financial Market Infrastructures
| Code | Title |
|---|---|
| cpmi-iosco-principles-for-financial-market-infrastructures::P21 | Principle 21 Efficiency and effectiveness |
| cpmi-iosco-principles-for-financial-market-infrastructures::P22 | Principle 22 Communication procedures and standards |
General business and operational risk management (Principles 15 to 17) – CPMI-IOSCO Principles for Financial Market Infrastructures
| Code | Title |
|---|---|
| cpmi-iosco-principles-for-financial-market-infrastructures::P15 | Principle 15 General business risk |
| cpmi-iosco-principles-for-financial-market-infrastructures::P16 | Principle 16 Custody and investment risks |
| cpmi-iosco-principles-for-financial-market-infrastructures::P17 | Principle 17 Operational risk |
General organisation (Principles 1 to 3) – CPMI-IOSCO Principles for Financial Market Infrastructures
| Code | Title |
|---|---|
| cpmi-iosco-principles-for-financial-market-infrastructures::P1 | Principle 1 Legal basis |
| cpmi-iosco-principles-for-financial-market-infrastructures::P2 | Principle 2 Governance |
| cpmi-iosco-principles-for-financial-market-infrastructures::P3 | Principle 3 Framework for the comprehensive management of risks |
Settlement (Principles 8 to 10) – CPMI-IOSCO Principles for Financial Market Infrastructures
| Code | Title |
|---|---|
| cpmi-iosco-principles-for-financial-market-infrastructures::P10 | Principle 10 Physical deliveries |
| cpmi-iosco-principles-for-financial-market-infrastructures::P8 | Principle 8 Settlement finality |
| cpmi-iosco-principles-for-financial-market-infrastructures::P9 | Principle 9 Money settlements |
Transparency (Principles 23 and 24) – CPMI-IOSCO Principles for Financial Market Infrastructures
| Code | Title |
|---|---|
| cpmi-iosco-principles-for-financial-market-infrastructures::P23 | Principle 23 Disclosure of rules, key procedures and market data |
| cpmi-iosco-principles-for-financial-market-infrastructures::P24 | Principle 24 Disclosure of market data by trade repositories |
What is CPMI-IOSCO Principles for Financial Market Infrastructures and who does it apply to?
CPMI-IOSCO Principles for Financial Market Infrastructures is a compliance framework from International with 9 domains and 24 controls. The 24 international principles for payment systems, central securities depositories, securities settlement systems, central counterparties and trade repositories: legal basis, governance, risk management, credit, collateral, margin, liquidity, settlement finality, money settlements, default management, business and operational risk, access, efficiency and disclosure. It is used by organisations to establish and maintain compliance with industry standards and regulatory requirements.
What does CPMI-IOSCO Principles for Financial Market Infrastructures actually require?
CPMI-IOSCO Principles for Financial Market Infrastructures has 24 controls organised across 9 domains. The largest domains are Credit and liquidity risk management (Principles 4 to 7) – CPMI-IOSCO Principles for Financial Market Infrastructures (4 controls), Access (Principles 18 to 20) – CPMI-IOSCO Principles for Financial Market Infrastructures (3 controls), General business and operational risk management (Principles 15 to 17) – CPMI-IOSCO Principles for Financial Market Infrastructures (3 controls). Each control defines specific requirements that organisations must implement to achieve compliance.
If I already comply with another framework, how much of CPMI-IOSCO Principles for Financial Market Infrastructures do I already cover?
CPMI-IOSCO Principles for Financial Market Infrastructures does not currently have cross-framework mappings in our system. Check back as we continuously expand our mapping database.
How do I implement CPMI-IOSCO Principles for Financial Market Infrastructures?
Start your CPMI-IOSCO Principles for Financial Market Infrastructures compliance journey by running a self-assessment on our platform to identify your current compliance posture. Our AI advisory can answer specific questions about CPMI-IOSCO Principles for Financial Market Infrastructures requirements, and cross-framework mapping helps you leverage existing controls from other frameworks you may already comply with. Create a free account to access all 24 controls and track your progress.
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