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International Standards
Core Principles for Systemically Important Payment Systems
Recommendations for Securities Settlement Systems
Recommendations for Central Counterparties
In March 2011, the CPSS and IOSCO released for public comment the consultative report on the Principles for Financial Market Infrastructures. The report harmonizes and strengthens the existing international standards for systemically important payment systems, central securities depositories, securities settlement systems, and central counterparties. The report also proposes new standards for trade repositories, which have emerged as an important category of financial market infrastructure. The CPSS and IOSCO are requesting comment on the document by July 29, 2011, to help them finalize the standards by early 2012.