Search results with tag "Clearing and settlement systems in"
Payment, clearing and settlement systems in Singapore
www.bis.orgSingapore CPSS – Red Book – 2011 331 Introduction The evolution of Singapore’s payment, clearing and settlement systems has been driven by technological progress, changing consumer needs and the development of new financial
Payment, clearing and settlement systems in South Africa ...
www.bis.orgadministration, operation, regulation and supervision of the payment, clearing and settlement systems in the Republic of South Africa, and to provide for connected matters”. The SARB oversees the safety and efficiency of the payment system pursuant to the NPS Act. In terms of regulation, the SARB may issue directives and position papers ...
Payment, clearing and settlement systems in China
www.bis.orgThe supervision and administration framework for Chinas national payment system has ’ taken shape. The risk prevention capability of the system is being continuously enhanced, following the establishment of a legal framework for payment and settlement. 1. Institutional aspects 1.1 The general institutional framework
Payment, clearing and settlement systems in the United ...
www.bis.orgas systemically important. 1. Legal and regulatory aspects 1.1 The general legal framework Payment, clearing and settlement systems in the United States are governed by statutes, regulations and case law at the state and federal levels. The legal principles relevant to a
Payment, clearing and settlement systems in Russia
www.bis.orgIn 2010, the federal law “On payment agents’ activity concerning reception of payments from individuals” and related legislative amendments came into effect. This federal law provides the legal basis for the development of agent schemes for receiving payments from individuals through payment agents and bank payment agents (see Section 1.1 ...
Payment, clearing and settlement systems in …
www.bis.orgAustralia 8 CPSS – Red Book – 2011 under the Payment Systems (Regulation) Act 1998.After extensive consultation, the RBA determined Standards for the setting of interchange fees for both systems, and the removal
Payment, clearing and settlement systems in the euro area ...
www.bis.orgCPSS – Red Book – 2012 59 Payment, clearing and settlement systems in the euro area
Payment, clearing and settlement systems in France
www.bis.orgCPSS – Red Book – 2012 137 Payment, clearing and settlement systems in France
Payment, clearing and settlement systems in Korea
www.bis.orgKorea CPSS – Red Book – 2011 211 Introduction The payment systems of Korea consist of one large-value payment system (LVPS) and several retail payment systems (RPSs).