First CPMI-Iosco peer review finds gaps in trade repository principles
Implementation more advanced for CCPs than TRs
The first peer review of Europe, Japan and the US's compliance with principles governing financial market infrastructures have found rules for central counterparties (CCPs) conform more closely than those for trade repositories (TRs).
The Principles for Financial Market Infrastructures (PFMIs) were formulated jointly by the Committee on Payments and Market Infrastructures (CPMI) and International Organization of Securities Commissions (Iosco).
"Overall, the reports demonstrate that the three
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