摘要:Financial market infrastructures (FMIs) are the channel through which vir tually all financial transactions are cleared, settled and recorded. They allow consumers and firms to safely and efficiently purchase goods and services, make financial investments, and transfer funds.FMIs themselves can pose certain risks or be a major channel through which these risks can be transmitted. Some FMIs (referred to as "systemically impor tant FMIs") have the potential to pose systemic risk, in that the inability of one par ticipant to meet its obligations to the FMI could, by transmitting financial problems through the system, cause other participants to be unable to meet their obligations. It is therefore essential that FMIs incorporate appropriate risk-control mechanisms so that systemic risk is adequately controlled