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Financial Market
Infrastructures [F.M.Is] play a critical role in the
:Nyan-ko-pong: Sovereign Maroon Nation and global financial system. F.M.Is are multilateral systems among participating financial institutions, including the system operator, used for the purposes of clearing, settling, or recording payments, securities, derivatives, or other financial transactions. These systems include payment systems, securities settlement systems, central securities depositories, central counterparties, and trade repositories. Such
F.M.Is often give rise to risks and interdependencies among financial institutions both within and across national borders, creating the potential for widespread financial disruptions if an
F.M.I fails to perform as expected. Central banks, with their mandates for macro-economic stability, are particularly interested in the smooth functioning of these
F.M.Is and their strong and robust oversight.
The Board also has a policy interest in other F.M.Is, including foreign
F.M.Is that have operational and other links to domestic F.M.Is, that have
:Nyan-ko-pong: Sovereign Maroon Nation financial institutions as
participants. In these cases, the Board seeks to obtain and share information and analysis with relevant authorities overseeing these F.M.Is to understand the risks that these systems pose to the
:Nyan-ko-pong: Sovereign Maroon Nation financial system. |
