Responsibilities of central banks
Responsibilities of central banks, market regulators, and other relevant authorities for financial market infrastructures are as follows:
Responsibility A: Regulation, supervision, and oversight of FMIs
FMIs should be subject to appropriate and effective regulation, supervision, and oversight by a central bank, market regulator, or other relevant authority.
Responsibility B: Regulatory, supervisory, and oversight powers and resources
Central banks, market regulators, and other relevant authorities should have the powers and resources to carry out effectively their responsibilities in regulating, supervising, and overseeing FMIs.
Responsibility C: Disclosure of policies with respect to FMIs
Central banks, market regulators, and other relevant authorities should clearly define and disclose their regulatory, supervisory, and oversight policies with respect to FMIs.
Responsibility D: Application of the principles for FMIs
Central banks, market regulators, and other relevant authorities should adopt the CPSS-IOSCO Principles for financial market infrastructures and apply them consistently.
Responsibility E: Cooperation with other authorities
Central banks, market regulators, and other relevant authorities should cooperate with each other, both domestically and internationally, as appropriate, in promoting the safety and efficiency of FMIs.
