The Board of the International Organization of Securities Commissions (IOSCO) published two reports that seek to enhance the ability of financial markets and intermediaries to manage risks, withstand catastrophic events, and swiftly resume their services in the event of disruption. The report “Mechanisms for Trading Venues to Effectively Manage Electronic Trading Risks and Plans for Business Continuity” provides a comprehensive overview of the steps Trading Venues take to manage the risks associated with electronic trading and the ways they plan for and manage disruptions through BCPs. The second IOSCO report, “Market Intermediary Business Continuity and Recovery Planning,” sets forth two standards for regulators and sound practices that regulators could consider as part of their oversight of market intermediaries.
Final Reports: Trading Venues; Market Intermediaries | Press Release