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 p...

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Main Author:	World Bank
Format:	Report
Language:	English
Published:	World Bank, Washington, DC 2021
Subjects:	CENTRAL BANK FAST PAYMENT RISK MANAGEMENT FINANCIAL SETTLEMENT FINANCIAL SERVICES DIGITAL FINANCIAL SERVICES
Online Access:	http://documents.worldbank.org/curated/undefined/798121631188395668/Risks-in-Fast-Payment-Systems-and-Implications-for-National-Payments-System-Oversight http://hdl.handle.net/10986/36260

id	okr-10986-36260
recordtype	oai_dc
spelling	okr-10986-362602021-09-15T05:10:30Z Risks in Fast Payment Systems and Implications for National Payments System Oversight World Bank CENTRAL BANK FAST PAYMENT RISK MANAGEMENT FINANCIAL SETTLEMENT FINANCIAL SERVICES DIGITAL FINANCIAL SERVICES 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. 2021-09-14T19:01:08Z 2021-09-14T19:01:08Z 2021-06 Report http://documents.worldbank.org/curated/undefined/798121631188395668/Risks-in-Fast-Payment-Systems-and-Implications-for-National-Payments-System-Oversight http://hdl.handle.net/10986/36260 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Economic & Sector Work Economic & Sector Work :: Other Financial Sector Study
repository_type	Digital Repository
institution_category	Foreign Institution
institution	Digital Repositories
building	World Bank Open Knowledge Repository
collection	World Bank
language	English
topic	CENTRAL BANK FAST PAYMENT RISK MANAGEMENT FINANCIAL SETTLEMENT FINANCIAL SERVICES DIGITAL FINANCIAL SERVICES
spellingShingle	CENTRAL BANK FAST PAYMENT RISK MANAGEMENT FINANCIAL SETTLEMENT FINANCIAL SERVICES DIGITAL FINANCIAL SERVICES World Bank Risks in Fast Payment Systems and Implications for National Payments System Oversight
description	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.
format	Report
author	World Bank
author_facet	World Bank
author_sort	World Bank
title	Risks in Fast Payment Systems and Implications for National Payments System Oversight
title_short	Risks in Fast Payment Systems and Implications for National Payments System Oversight
title_full	Risks in Fast Payment Systems and Implications for National Payments System Oversight
title_fullStr	Risks in Fast Payment Systems and Implications for National Payments System Oversight
title_full_unstemmed	Risks in Fast Payment Systems and Implications for National Payments System Oversight
title_sort	risks in fast payment systems and implications for national payments system oversight
publisher	World Bank, Washington, DC
publishDate	2021
url	http://documents.worldbank.org/curated/undefined/798121631188395668/Risks-in-Fast-Payment-Systems-and-Implications-for-National-Payments-System-Oversight http://hdl.handle.net/10986/36260
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Risks in Fast Payment Systems and Implications for National Payments System Oversight

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