On 14 October 2026 the BIS Committee on Payments and Market Infrastructures (CPMI) and the Board of IOSCO published their final report on FMIs’ management of general business risks and general business losses, a 29-page set of further guidance to Principle 15 of the Principles for financial market infrastructures (PFMI). The PFMI general business risk…
On 8 September 2026 the Committee on Payments and Market Infrastructures and the International Organization of Securities Commissions published for public comment a discussion paper, “FMIs’ reliance on third-party service providers: challenges and risks,” and set a comment deadline of 1 December 2026. It is the clearest signal yet of where CPMI-IOSCO third-party risk work…
On 8 September 2026, the Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) published the CPMI-IOSCO cyber resilience toolkit for public comment. It sets out four voluntary tools and asks central counterparties, central securities depositories, securities settlement systems, payment systems and trade repositories to look hard at how…
On 10 July 2026, the European Securities and Markets Authority published the first set of market capitalisation figures and ratios for EU Member States under the FASTER Directive, Council Directive (EU) 2025/50. The figures cover reference years 2024 and 2025, and they start a multi-year clock that will decide which national markets have to build…