CPMI, IOSCO begin review of stress testing by central counter-parties

The Committee on Payments and Market Infrastructures (CPMI) and the International Organisation of Securities Commissions (IOSCO) yesterday said they are undertaking a review of stress testing by central counter-parties (CCPs). Stress testing is an essential component of risk management by CCPs. The Principles for Financial Market Infrastructures (PFMI), published by the CPMI and IOSCO in…