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IOSCO publishes guidance on business continuity planning for trading venues and intermediaries

The Board of the International Organization of Securities Commissions (IOSCO) has published two reports that seek to enhance the ability of financial markets and intermediaries to make effective business continuity plans.

The first 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 can take to manage the risks associated with electronic trading and the ways they plan for and manage disruptions through business continuity plans.

The report also makes recommendations to help regulators ensure that trading venues are able to effectively manage identified risks. It also proposes sound practices that should be considered by trading venues when developing and implementing risk mitigation mechanisms and business continuity plans aimed at safeguarding the integrity, resiliency and reliability of their critical systems.

The second IOSCO report, ‘Market Intermediary Business Continuity and Recovery Planning’, provides two standards for regulators and various sound practices that regulators can consider as part of their oversight of market intermediaries. These sound practices may also prove useful to intermediaries who are developing and implementing business continuity plans.

Both reports are based on consultation reports published earlier this year. They also draw on the results of surveys of IOSCO members and stakeholders, and feedback from roundtables organized with industry participants.

Read the reports:



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