Muqassa continues compliance with the PFMI
08 April 2026 Saudi Arabia
Image: Kornkanok/stock.adobe.com
Securities clearing centre company Muqassa has continued its compliance with the Principles for Financial Market Infrastructure (PFMI) following a review by Thomas Murray.
The PFMI review was conducted by Muqassa and Thomas Murray in line with CPMI-IOSCO self-assessment, a rigorous, periodic review process where financial market infrastructures (FMIs) evaluate their compliance with the 24 principles.
The firms examined central counterparty (CCP) risk in the context of best global practices for the cash and derivatives market, in addition to the repo clearing service.
The Committee on Payments and Market Infrastructures (CPMI) and the International Organisation of Securities Commissions (IOSCO) are the standard-setting organisations that have issued the PFMI and monitor their implementation.
These principles are international standards for payment systems, central securities depositories, securities settlement systems, CCPs, and trade repositories.
According to Thomas Murray, the PFMI are designed to help ensure the safety, efficiency, and resilience of these infrastructures supporting global financial markets, making their full, timely, and consistent implementation fundamental.
CPMI and IOSCO members have committed to adopting the principles and responsibilities contained in the PFMI in line with the G20 expectations.
The PFMI review was conducted by Muqassa and Thomas Murray in line with CPMI-IOSCO self-assessment, a rigorous, periodic review process where financial market infrastructures (FMIs) evaluate their compliance with the 24 principles.
The firms examined central counterparty (CCP) risk in the context of best global practices for the cash and derivatives market, in addition to the repo clearing service.
The Committee on Payments and Market Infrastructures (CPMI) and the International Organisation of Securities Commissions (IOSCO) are the standard-setting organisations that have issued the PFMI and monitor their implementation.
These principles are international standards for payment systems, central securities depositories, securities settlement systems, CCPs, and trade repositories.
According to Thomas Murray, the PFMI are designed to help ensure the safety, efficiency, and resilience of these infrastructures supporting global financial markets, making their full, timely, and consistent implementation fundamental.
CPMI and IOSCO members have committed to adopting the principles and responsibilities contained in the PFMI in line with the G20 expectations.
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