By Brian Quinn, Executive Director of the Bank of England
At SWIFT's annual SIBOS Conference, in Geneva in September 1993, a number of speakers described the steps being taken in their countries to manage, and where possible to eliminate, the settlement risks in their large-value payment systems. Brian Quinn, an Executive Director of the Bank of England, described the UK approach to this issue, which differs in some important respects from the approach adopted in other countries.
The UK approach to controlling large-value payment systems