Risks in Fast Payment Systems and Implications for National Payments System Oversight
The World Bank (WB) has been monitoring closely the developments of Fast Payment Systems (FPS) by central banks and private players across the globe. This comprehensive study of FPS implementations across the world has resulted in the design of a policy toolkit on the implementation of FPS, in order...
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| Format: | eBook |
| Language: | English |
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Washington, D.C
The World Bank
2021
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| Series: | Other Financial Sector Study
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| Collection: | World Bank E-Library Archive - Collection details see MPG.ReNa |
| Summary: | The World Bank (WB) has been monitoring closely the developments of Fast Payment Systems (FPS) by central banks and private players across the globe. This comprehensive study of FPS implementations across the world has resulted in the design of a policy toolkit on the implementation of FPS, in order to guide countries and regions on the likely alternatives and models that could assist them in their policy and implementation choices when they embark on their respective FPS journeys. This note is part of the third component of the Toolkit and aims to provide inputs on Oversight aspects from a fast payment perspective. It identifies the oversight requirements appropriate for an FPS and provide central banks with both an indication of the extra capacity needed to conduct effective oversight when an FPS will be in place and a tool to ensure that the FPS will be designed consistently with sound standards of safety and efficiency |
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