Financial Market Infrastructures: Principles and Practices (FMI-PP)

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Training Program presented by the Monetary and Capital Markets Department.
Focus: Principles for Financial Market Infrastructures (PFMI).
Emphasis on interactive instruction using lectures, case study simulations, group or individual presentations, and panel discussions.
Topical coverage includes cyber resiliency, distributed ledger technology, and relevant digital innovations.

Target Audience: Mid- to senior-level officials working in the payment, legal, and technology departments at the central bank and in positions with similar responsibilities.
Qualifications: Participants should have experience in the operations and/or oversight in one or more of the following areas: payments, legal, and technology departments.

Coverage of the 24 principles and 5 responsibilities for authorities under the PFMI, the Disclosure Framework, and Assessment Methodology.
Lectures provide foundational understanding of standards.
Self-assessment exercises apply standards to a hypothetical country to assess compliance of:
- payment system
- securities settlement system
- central securities depository
Self-assessments are based on targeted principles; results are discussed through group presentations and de-briefings.

Describe a framework of the Principles for Financial Market Infrastructures.
Apply the standards for the compliance of its payment system, securities settlement system, and central securities depository.
Enhance safety and efficiency in payments, clearing, settlement, and recording arrangements, and more broadly, to limit systemic risk and to foster transparency and financial stability.