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Home > Markets and Payments > Self-assessment of RTGS
 

Self-assessment of RTGS

​In July 2016, we published our first self-assessment of the Real-Time Gross Settlement (RTGS) system against the Principles for Financial Market Infrastructures (PFMI). The point of assessment is 31 December 2015.

The PFMIs are internationally agreed standards published by the Committee on Payments and Market Infrastructures (CPMI) and the International Organisation of Securities Commissions (IOSCO) in April 2012. They are a part of a set of standards that the international community considers essential to strengthening and preserving financial stability. While RTGS is not a payment system or Financial Market Infrastructure (FMI), we have primarily undertaken the self-assessment against the principles that apply to payment systems, and also with regard to a CPMI-IOSCO guidance note on how the PFMIs apply to FMIs operated by central banks.

We completed the self-assessment in our role as operator of the RTGS Service, and not in our capacity as supervisor of FMI and banks. We also included a description of the RTGS Service in the self-assessment. We plan to update the public disclosure and self-assessment on a broadly annual basis. 

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