By Andrew G Haldane and Edwin Latter of the Bank's Market Infrastructure Division.
Payment systems are essential to the functioning of monetary economies. This article explains the Bank's role in overseeing UK payment systems to ensure their robustness, including the role of the Bank's recently published first Oversight Report. It also sets out some future priorities for payment systems oversight in the light of international consolidation and technological innovation.
The role of central banks in payment system oversights