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The Committee on Payments and Market Infrastructures
("CPMI") and IOSCO reported that there is increasing coordination
among global financial authorities in overseeing financial market
infrastructures ("FMIs"). For the purposes of the report,
CPMI and IOSCO defined FMIs as "systemically important payment
systems, central securities depositories, securities settlement
systems, central counterparties, and trade repositories."
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
