CPSS Core Principles for Payment Systems.

Abstract

There are a number of international initiatives that have the goal of improving or maintaining financial stability by strengthening financial infrastructure. The Committee on Payment and Settlement Systems (CPSS) contributed to this process through its work on developing Core Principles for systemically important payment systems (Core Principles). The paper outlines the rationale for the Core Principles, describes the process that led to their publication, describes the scope of the Principles, and offers some thoughts on their implementation. (article taken from a conference volume. The papers published in this volume are based on an IMF seminar held in 2000 that covered a broad range of topics on monetary and financial law, such as the liberalization of capital movements, data dissemination, responsibilities of central banks, and the IMF’s goals in financial surveillance and architecture