GFMA and ISDA Submit Comments to CPSS and IOSCO on Assessment Methodology and Disclosure Framework for FMIs
GFMA and the International Swaps and Derivatives Association, Inc. (ISDA) provide comments to the Committee on Payment and Settlement Systems (CPSS) and the Technical Committee of the International Organization of Securities Commissions’ (IOSCO) regarding two consultative reports related to the CPSS-IOSCO Principles for Financial Market Infrastructures (the FMI
Principles): the Disclosure Framework for Financial Market Infrastructures (the Disclosure Framework) and the Assessment Methodology for the Principles for FMIs and the Responsibilities of Authorities (the Assessment Methodology). The groups believe the FMI Principles will have the effect of establishing strong foundations for the global financial infrastructure and support longterm stability to the extent they are diligently observed. In that spirit, GFMA and ISDA offer their comments regarding the guidelines.