The Bank of Canada today published draft policy guidance related to its risk-management standards for designated Canadian financial market infrastructures (FMIs). The new guidance published relates to Standard 24 on FMI recovery plans.

The Bank of Canada adopted the Principles for Financial Market Infrastructures (PFMIs) in 2012 as part of its risk-management standards for designated FMIs. The Bank developed the draft supplementary guidance on Standard 24 in coordination with the Canadian Securities Administrators (CSA) to provide additional clarity on certain aspects of these new standards within the Canadian context.1

Comments on the policy guidance can be emailed by 1 February 2016 to the Bank of Canada at Comments received will be shared with the CSA.

This is the eighth guidance note on risk management for FMIs that the Bank has published for comment. A full list of these guidance notes is available on the Bank of Canada Risk-Management Standards for Designated FMIs page in the Financial System section of the Bank’s website.


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