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Payment systems are a core part of all financial systems. The quality of payment systems determines the stability of the overall economy, the efficiency and reliability of financial intermediation, and the possibility for the private sector to innovate and provide new services to consumers. This...
Persistent link: https://www.econbiz.de/10012247391
This paper presents detailed assessment of Israel’s compliance with Basel Committee on Payments and Settlement Systems Core Principles for Systemically Important Payment Systems. A significant improvement in the payments landscape has been noted, with the high value payment system meeting most...
Persistent link: https://www.econbiz.de/10014396645
This paper presents findings of the Detailed Assessment of Italy’s Compliance with the Committee for Payment and Settlement Systems (CPSS) Core Principles for Systemically Important Payment Systems. At present, the Italian banking system is subject to significant challenges resulting from...
Persistent link: https://www.econbiz.de/10014406268
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Infrastructures (CPMI) in collaboration with the BIS Innovation Hub, the International Monetary Fund (IMF) and the World Bank.1 The …
Persistent link: https://www.econbiz.de/10015059789
This paper discusses findings of the joint IMF–World Bank Indonesia Financial Sector Assessment Program (FSAP … cooperation of the Bapepam-LK, the Bank Indonesia. It was found that the legal framework governing the clearing and settlement … operations of the equity and corporate bond market supports some, but not all, of the key elements of the clearing and settlement …
Persistent link: https://www.econbiz.de/10014395519
This Detailed Assessment of the Observance of Core Principles for Systemically Important Payment Systems (CPSS), Belarus Interbank Settlement System (BISS): RTGS Service on the Republic of Belarus reviews the core principles for systematically important payment systems. BISS offers the...
Persistent link: https://www.econbiz.de/10014407256
is regulated and supervised as a bank. Its clearing activities are governed by a consistent and solid set of laws …
Persistent link: https://www.econbiz.de/10014398271
This paper discusses key findings of the Detailed Assessment of the Securities Clearance and Settlement Systems for Denmark. The assessment recommends that securities settlement systems should have a well-founded, clear, and transparent legal basis in the relevant jurisdiction. Confirmation of...
Persistent link: https://www.econbiz.de/10014404937