IOSCO reports on PFMIs implementation: IOSCO and the Committee on Payment and Settlement Systems (CPSS) at the Bank for International Settlements have published their first report on their assessment of whether jurisdictions have implemented the April 2012 Principles for Financial Market Infrastructures (PFMIs) and related responsibilities. They conclude significant progress has been made. Future stages of the assessment will look into consistency of implementation and outcomes. (Source:  Implementation Monitoring of PFMIs)