A fresh look at the Principles for financial market infrastructures (PFMI)

It has been almost 12 years since the introduction of the PFMI in 2012 – “Where do we stand on their adoption? As Capital Market practitioners, why should we even bother? They seem to demand a lot of work with little tangible value!”

These are possibly a few of the questions that have gone through your minds when confronted with questions around the PFMI.

In this session, we aim to debunk these (and more questions that you may have) in understanding why the adoption of the PFMI is really a “non-negotiable” for an FMI. We are all serious about our role as FMIs and, more particularly, serious about the role that effective risk management plays in how we provide the services we do.

In many ways, the PFMI are all about “risk management” and they provide clear guidance to any FMI tasked with facilitating clearing, settlement, and recording of monetary and other financial transactions.

Dale Connock
Financial Market Infrastructure Consultant

Dale has spent more than 40 years in the Financial Services Industry and developed an in-depth understanding of the capital markets, retail and wholesale payment and clearing systems; and the risk landscape in general. After his retirement in 2021, Dale has continued to consult to Strate and the industry in general.

Since 2012, Dale has had a particular interest in the Principles for financial market infrastructures (the PFMI) and, even during his tenure at Strate, was involved in capacity building initiatives across the African continent for organisations such as the International Monetary Fund, the World Bank, MEFMI and AMEDA on the adoption and implementation of these Principles. This interest has continued and currently focusses on helping organisations unlock the value embedded in the PFMI.

Reference material

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