What are FMI principles?
All FMIs are encouraged to observe these principles. 17 For example, in managing financial risk, FMIs should refer to, among other things, the principles on the framework for the comprehensive management of risks, credit risk, collateral, margin, liquidity risk, money settlements, and exchange-of-value settlement systems.
What is a financial market infrastructure (FMI)?
Introduction 1.1. Financial market infrastructures (FMIs) that facilitate the clearing, settlement, and recording of monetary and other financial transactions can strengthen the markets they serve and play a critical role in fostering financial stability.
What is the FMI standard text based on?
The FMI 3.0 standard text is based on FMI 2.0 and FMI 1.0 and we wish to acknowledge their contributors. Special thanks to Andreas Junghanns (Synopsys) and Torsten Sommer (Dassault Systèmes) for the initial conversion of the FMI 2.0 Word document to AsciiDoc
What are FMI default rules & procedures?
3.13.3. An FMI’s default rules and procedures should enable the FMI to take timely action to contain losses and liquidity pressures, before, at, and after the point of participant default (see also Principle 4 on credit risk and Principle 7 on liquidity risk).
[PDF] Rapport annuel 2021 du FMI