What Application of the Principles for financial market infrastructures to stablecoin arrangements requires
This guidance clarifies that systemically important stablecoin arrangements (SAs) performing financial market infrastructure (FMI) functions must observe all relevant Principles for Financial Market Infrastructures (PFMI), focusing on robust governance (Principle 2), comprehensive risk management (Principles 4, 6, 7), and clear settlement finality (Principle 8) to ensure financial stability.
Pillar: Crypto & Sovereign Finance · Authority: Bank for International Settlements (BIS) Committee on Payments and Market Infrastructures (CPMI) and the International Organization of Securities Commissions (IOSCO) · Version: 1.0.0 · Last updated:
Primary source: https://www.bis.org/cpmi/publ/d101a.htm
SHA-256 integrity: f3a5e52138d099e8a4c26277811e8f13c1ad634060c948a1ed345e5173f3e339
Primary Citations — 7 traced to source
- Application of the Principles for financial market infrastructures to stablecoin arrangements, Section 3.1: Principle 2: Governance
- Application of the Principles for financial market infrastructures to stablecoin arrangements, Section 3.2: Principle 3: Framework for the comprehensive management of risks
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