Oversight of payment systems

From ACT Wiki
Jump to: navigation, search

Part of a central bank’s remit, the main function of payment systems oversight is to promote the smooth functioning of payment systems and to protect the financial system from potential ‘domino effects’ that could be triggered by the credit or liquidity problems encountered by one or more participants in the payment system.

Payment systems’ oversight focuses on a system as a whole rather than on individual participants.

See also