The US Treasury Secretary and the President's Working Group on Financial Markets have called for a review of the regulation of payment and settlement systems that underpin the mitigation of the risk of intertwined financial firms interacting across the global capital, contract and dealer markets. ...
EU merchants, for example, are guided by the Payment Services Directive 2 (PSD2), while retailers in China are beholden to the Payment and Settlement Systems Act, and Singapore introduced its Payment Services (PS) Act to battle regulatory issues a few years ago.2 ...
for determiningpayments systempolicy;and(b) thePaymentClearingand SettlementAct1996 in Canada makes the Bank of Canada responsible for the oversight of clearingandsettlement systemswitha view to controlling systemic risk. legco.gov.hk legco.gov.hk ...
SECURITIES TRADING : COMMISSION CONSULTS ON SETTLEMENT FINALITY DIRECTIVE REVIEW It was partly on the basis of this recommendation that the EU began work on the Directive on Settlement Finality in Payment and Securities Settlement Systems (Settlement Finality Directive). Norges Bank's oversight of pay...
economy. In the United States, some of the key payment, clearing, and settlement (PCS) systems are operated by the Federal Reserve, and other systems are operated by private sector organizations. With Title VIII of the Dodd-Frank Act, which was enacted on July 21, 2010, Congress added a ...
Settlement System. The highest policy making body on payment System in our country is the Board for Regulation and Supervision of Payment and Settlement Systems (BPSS), a sub-committee of RBI and the regulation is done in accordance with the Payment and Settlement Systems Act, 2007 (PSS Act)...
ing and crediting of the accounts of the parties to the transaction. The integrity of the global financial system relies on the proper accounting for each transaction that takes place in the system; therefore, stability depends on the reliability and accuracy of the clearing and settlement systems...
Saudi Arabia - Committee on Payment and Settlement Systems (CPSS) core principles for systematically important payment systems The present document is the assessment of the systemically important payment systems in the Kingdom of Saudi Arabia (KSA) based on the CPSS Core Principles for Systemically ...
Settlement systems, payment terminals, payment, settlement program, and computer-readable recording medium for recording the program I to reduce the time required for the interrogation by the settlement terminal having a function for inquiring accept an electronic value sequentially. Settlement system 100...
In June 2014, at the Governors of the Global Economy Meeting (GEM), members chose to change the name of the Committee on Payment and Settlement Systems (CPSS), as well as updating its mandate and charter, in order to more closely align the name, mandate, and charter with the actual acti...