The World Bank and the International Monetary Fund (IMF) have published today a reference document for financial infrastructure (FI). This document, titled 'Guidance for FMIs on General Risks and General Losses', provides a series of recommendations for FI management regarding general risks and general losses. It is based on a previous advisory report on the implementation of Principle 15 of the Protocol on Liquidation Funds (PFMI), which identified problems in managing general risks and capital liquidity needed to protect potential losses.

The new guidance includes additional recommendations for managing general risks and losses, with particular attention to capital liquidity management. The article explains how FI managers must effectively manage these risks, taking into account their reoccurrence and economic conditions evolution. The article argues that the document has been developed to integrate information from various consulted documents, providing a comprehensive guide on how to manage general risks and losses.

FI managers are invited to use this document as a reference for managing general risks and losses, as they represent an important element in the security and disintegration process of financial infrastructure. The document aims to improve the management of general risks and losses, making them more efficient and reliable. Responses received from interested parties have shown great interest in the document, highlighting the need for a more rigorous and systematic approach to managing these aspects.

The document mainly focuses on managing general risks and losses but does not exclude any consideration on other important aspects of managing financial infrastructure, such as physical security or protection against extreme events. The proposed guidance was produced to be applicable in different contexts, including potential emergencies or economic crisis situations. This document is therefore a significant step towards improving financial infrastructure and greater security of their users.