A Risk-Based Methodology for Payment Systems Oversight

14 Pages Posted: 28 Jan 2010

See all articles by Ben Norman

Ben Norman

Bank of England - Monetary Analysis

Peter Brierley

Bank of England - Financial Stability Assessment Division

Peter Gibbard

Bank of England

Andrew Mason

Bank of England

Andrew Meldrum

Board of Governors of the Federal Reserve System

Date Written: August 21, 2009

Abstract

The Bank of England has developed a risk-based methodology to support its oversight of payment systems. The methodology provides more precise estimates of risks in payment systems than previously available. Because it is consistent and systematic in its application, the methodology assists the Bank in focusing its attention and resources - the intensity of oversight - where the level of risk is estimated to be greatest. This article provides an overview of the framework.

Suggested Citation

Norman, Ben and Brierley, Peter and Gibbard, Peter and Mason, Andrew and Meldrum, Andrew, A Risk-Based Methodology for Payment Systems Oversight (August 21, 2009). Bank of England Financial Stability Paper No. 6, Available at SSRN: https://ssrn.com/abstract=1543737 or http://dx.doi.org/10.2139/ssrn.1543737

Ben Norman (Contact Author)

Bank of England - Monetary Analysis ( email )

Threadneedle Street
London EC2R 8AH
United Kingdom

Peter Brierley

Bank of England - Financial Stability Assessment Division ( email )

London
United Kingdom

Peter Gibbard

Bank of England ( email )

Threadneedle Street
London, EC2R 8AH
United Kingdom

Andrew Mason

Bank of England ( email )

Threadneedle Street
London, EC2R 8AH
United Kingdom

Andrew Meldrum

Board of Governors of the Federal Reserve System ( email )

20th Street and Constitution Avenue NW
Washington, DC 20551
United States

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