These include the introduction of international regulations, such as the obligation to use the CCPs for standardized over-the-counter (OTC) derivatives and the publication of the Principles for Financial Market Infrastructures (PFMIs) jointly by the Committee on Payment and Settlement Systems (CPSS) of the Bank for International Settlements and the International Organization of Securities Commissions (IOSCO) in 2012.
1/2  BIS central bankers' speeches  Consequently, the Government of Canada and the Bank of Canada agree to renew the inflation target on the following basis: The target will continue to be defined in terms of the 12-month rate of change in the total CPI.