RBNZ, FMA agree on financial market infrastructures framework

Thu, 20 Jan 2022

The Reserve Bank and the Financial Markets Authority have finalised a framework for assessing the systemic importance of financial market infrastructures (FMIs).FMIs are critical systems that are sometimes referred to as "the plumbing" of the financial system that allow electronic payments and financial market transactions to occur. The RBNZ and FMA are the joint regulators."The finalised framework balances the need for flexibility in accounting for the specific circumstances of individual FMIs and the importance of ensuring tran...

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