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FMIs' Management of General Business Risks and General Business Losses: Further Guidance to the PFMI — Consultative Report

Bank for International Settlements — Committee on Payments and Market Infrastructures (CPMI) (BIS-CPMI) · published 2025-11-07
Consultative report supplementing PFMI Principle 15 with proposed requirements on liquid net assets and recovery/orderly wind-down planning; consultation closed February 2026, final guidance expected to become operative thereafter — training-data-gap candidate and signal of near-term PFMI evolution.
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AI Failures: Hallucination and Blind Spots Shape
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