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Bank of England publishes Payment Systems Oversight Report
The Bank of England is today publishing its second Payment Systems Oversight Report (see link to report in Key Resources below). It contains the Bank’s latest assessment of UK payment systems against the internationally-recognised Core Principles for Systemically Important Payment Systems.
Published on
17 February 2006
Several systems have implemented significant improvements during the past year which have further reduced settlement and operational risks; and the UK’s high-value payment systems come close to observing fully the Core Principles. The Bank has in addition identified areas where the Core Principles, which were first published five years ago, could usefully be updated.
Press release