Transcription of Federal Reserve Policy on Payment System Risk
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Federal Reserve Policy on Payment System Risk
Federal Reserve Policy on Payment System Risk As amended effective September 15, 2017. 3. risks IN Payment , clearing , settlement , AND RECORDING SYSTEMS .. 4. PART I. RISK MANAGEMENT FOR FINANCIAL MARKET INFRASTRUCTURES .. 6. A. Scope ..6. B. Policy expectations for certain financial market infrastructures ..7. 1. Risk management ..7. a. Fedwire Services ..8. b. Designated financial market utilities for which the Board is the Supervisory Agency under Title VIII of the Dodd-Frank Act ..8. c. Other financial market infrastructures that are subject to the Board's supervisory authority under the Federal Reserve Act ..9. d. All other central securities depositories, securities settlement systems, central counterparties, and trade repositories ..9. e. Other systemically important offshore and cross-border Payment systems ..9. 2. Transparency ..9. C. General Policy expectations for other Payment systems within the scope of the 1.
efficiency of payment, clearing, settlement, and recording systems and to promote financial stability, more broadly. Part I of this policy sets out the Board’s views, and related standards, regarding the management of risks in FMIs, including those operated by …
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