The PWC addresses policy topics raised by the industry and regulators (i.e. resilience, recovery and resolution). It also serves as a platform for information exchange on new and ongoing policy issues.
The OWC addresses operational and technical issues raised by industry forums and regulators. It deals with the requests on message standardization, i.e. recent CPMI-IOSCO/FSB Technical Guidance on Harmonization of Unique Transaction Identifier. It also serves as a platform for information exchange on new or ongoing technical issues like fintech and cyber security.