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Reserve Bank and FMA consult on implementing new law to safeguard 'plumbing' of financial system


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Reserve Bank and FMA consult on implementing new law to safeguard ‘plumbing’ of financial system
Groups with an interest in the financial market transactions and payments are being asked for their views on how a new law governing the ‘plumbing’ of the financial system should be implemented.
The Financial Market Infrastructure Act became law in May 2021. The new Act governs Financial Market Infrastructures (FMIs) – a set of critical systems that are sometimes referred to as the plumbing of the financial system. These systems allow electronic payments and financial market transactions to occur.
The Reserve Bank of New Zealand – Te Pūtea Matua and the Financial Markets Authority (FMA) – Te Mana Tātai Hokohoko are together the regulator of FMIs under the Act. The Act will be implemented over an approximately 18-month transitional period. ....

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Shortcomings With Financial Market Infrastructure Companies' Business Continuity And Cybersecurity Plans Need To Be Resolved

Teo Floor, CEO Of CCP12, Joins Journal Of Financial Market Infrastructures Editorial Board

Teo Floor, CEO Of CCP12, Joins Journal Of Financial Market Infrastructures Editorial Board
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