Assessments against the CPSS-IOSCO Principles

In April 2012, the then Committee on Payment and Settlement Systems (CPSS) and the International Organization of Securities Commissions (IOSCO) published the Principles for financial market infrastructures (CPSS-IOSCO Principles). [Note 1]

Reflecting their international commitments, the Australian Securities and Investments Commission (ASIC) and the Reserve Bank of Australia (RBA) have undertaken to periodically carry out and publish:

  • assessments of domestic clearing and settlement (CS) facility licensees against the CPSS-IOSCO Principles (CPSS-IOSCO Principles Assessments). The CPSS-IOSCO Principles Assessments are conducted jointly by ASIC and the RBA to evaluate the observance of the 24 principles by a licensed Australian CS facility, and
  • self-assessment of ASIC and the RBA against the associated Responsibilities of central banks, market regulators, and other relevant authorities for financial market infrastructures (the CPSS-IOSCO Responsibilities Assessment). The CPSS-IOSCO Responsibilities Assessment is a joint self-assessment of how ASIC and the RBA have met the five CPSS-IOSCO responsibilities in their regulation and oversight of CS facilities. Consistent with international expectations, this report provides transparency around the roles of ASIC and the RBA in the regulation and oversight of Australian CS facilities and, in particular, the application of the CPSS-IOSCO Principles to these financial market infrastructures.

Both reports are prepared in accordance with the guidance contained in the CPSS-IOSCO, Principles for financial market infrastructures: Disclosure framework and assessment methodology. [Note 2]

The reports are primarily targeted at an international audience, for instance as input to future peer reviews, either by the Committee on Payments and Market Infrastructures (CPMI) and IOSCO (CPMI-IOSCO) Implementation Monitoring Task Force or by international organisations such as the International Monetary Fund.

View the previous CPSS-IOSCO Principles Assessments (PDF 2.64 MB)

View the 2014 CPSS-IOSCO Responsibilities Assessment (PDF 516 KB)



1. CPSS-IOSCO, Principles for financial market infrastructures, CPSS Publications No. 101, Bank for International Settlements, April 2012, (opens PDF file 1.07 MB). | Back to text


2. CPSS-IOSCO, Principles for financial market infrastructures: Disclosure framework and assessment methodology, CPSS Publications No. 106, Bank for International Settlements, December 2012, (opens PDF file 598 KB). | Back to text

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Last updated: 30/03/2021 09:27