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Even though the lights have never gone out at a major central counterparty, from time to time, they've certainly buzzed, flickered and blinked, as Principles for financial market infrastructures (PFMIs) filings first highlighted by Risk.net have shown.
Resilience risk
FMIs rank: 2
Top 10 rank: 5
Number of benchmarking respondents: 6
Consequently, while no other cohort ranked resilience risk among their top five concerns, such was
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