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oversight of payment systems

Financial DictionaryEuropean Central Bank Dictionary
A central bank task, principally intended to promote the smooth functioning of payment systems and to protect the financial system from possible "domino effects" which may occur when one or more participants in the payment system incur credit or liquidity problems. Payment systems oversight aims at a given system (e.g. a funds transfer system) rather than individual participants.
Copyright © 2006, European Central Bank, Frankfurt am Main, Germany. This information may be obtained free of charge through the ECB's website.
See also: JAGI , QADI , FAJ , UAG , TAC bonds

 

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List of Terms: Terms beginning with "A", Page 1

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