WFC responds to CPSS-IOSCO on CSD recovery and resolution

The World Forum of CSDs issued a joint response to the CPSS-IOSCO consultation on the recovery and resolution of financial market infrastructures. The two main recommendations of the WFC to global regulators are:

to emphasise CSD recovery measures, given that the likelihood of a CSD running out of capital is extremely low thanks to their low risk profile;

to draft a single set of standards for CSD recovery and resolution, and clarify the extent to which the FSB Key Attributes will be applicable to CSDs.

Full text of the WFC response

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