Financial Market Infrastructure
From ACT Wiki
Financial market supervision.
(FMI).
1.
A payment system considered to be systemically important, and which is therefore subject to supervision.
2.
One of a number of payment systems considered to be systemically important in the UK, and which are therefore subject to supervision by the Bank of England.
They include CHAPS, FPS, BACS and CLS.
3.
More broadly, UK financial market infrastructure supervision extends to all three of:
- Recognised payment systems.
- Securities settlement systems.
- Central counterparties (CCPs).
