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South African Reserve Bank
 
 
     
 
 

Principles for Financial Market Infrastructures (PFMI) Self-assessment Reports  

The South African Reserve Bank (SARB), in its role as the operator of the Southern African Development Community (SADC) Integrated Regional Electronic Settlement System (SIRESS), the real-time gross settlement (RTGS) system that facilitates settlement of cross-border transactions in the SADC region. Self-assessments are conducted against the Principles for financial market infrastructures (PFMI) issued in April 2012 by the Bank for International Settlement’s Committee on Payments and Market Infrastructures (CPMI) and the Technical Committee of the International Organization of Securities Commissions (IOSCO) A self-assessment outlines the observance of the principles based on the status of operations of the SIRESS system.
 

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