http://www.bis.org/list/cpss/index.rss Publications of the Committee on Payment and Settlement Systems (CPSS), monitoring and analysing developments in domestic payment, settlement and clearing systems, as well as in cross-border and multicurrency settlement schemes. en http://www.bis.org/publ/cpss108.htm Abstract of "Authorities' access to trade repository data - consultative report", April 2013 Authorities' access to trade repository data - consultative report 2013-04-11T13:00:00Z Trade repositories (TRs) are entities that maintain a centralised electronic record of over-the-counter (OTC) derivatives transaction data. TRs will play a key role in increasing transparency in the OTC derivatives markets by improving the availability of data to authorities and the public in a manner that supports the proper handling and use of the data. For a broad range of authorities and official international financial institutions, it is essential to be able to access the data needed to fulfil their respective mandates while maintaining the confidentiality of the data pursuant to the laws of relevant jurisdictions. Authorities' access to trade repository data - consultative report 2013-04-11T13:00:00Z BIS financial stability OTC derivatives G20 Reforms Trade repositories Authorities access PDF version http://www.bis.org/publ/cpss108.pdf April 2013 Bank for International Settlements: CPSS Publications 108 http://www.bis.org/publ/cpss107.htm Abstract of "Statistics on payment, clearing and settlement systems in the CPSS countries - Figures for 2011", published by the Committee on Payment and Settlement Systems (CPSS), January 2013. Statistics on payment, clearing and settlement systems in the CPSS countries - Figures for 2011 2013-01-04T10:00:00Z This version of the statistical update contains data for 2011 and earlier years. There are detailed tables for each individual country as well as a number of comparative tables. Statistics on payment, clearing and settlement systems in the CPSS countries - Figures for 2011 2013-01-04T10:00:00Z BIS retail transactions retail payment CPSS PDF version http://www.bis.org/publ/cpss107.pdf January 2013 Bank for International Settlements: CPSS Publications 107 http://www.bis.org/publ/cpss106.htm Abstract of "Principles for financial market infrastructure: Disclosure framework and Assessment methodology", December 2012 Principles for financial market infrastructures: disclosure framework and assessment methodology 2012-12-14T15:35:00Z The Committee on Payment and Settlement Systems (CPSS) and the International Organization of Securities Commissions (IOSCO) have published a disclosure framework and assessment methodology for their Principles for financial market infrastructures (PFMIs), the new international standards for financial market infrastructures: a) the disclosure framework is intended to promote consistent and comprehensive public disclosure by FMIs in line with the requirements of the PFMIs; and and b) the assessment methodology provides guidance for monitoring and assessing observance with the PFMIs. The disclosure framework and assessment methodology were issued for public consultation in April as two separate documents. The final versions being issued now as Principles for financial market infrastructures: disclosure framework and assessment methodology have been revised in light of the comments received during that consultation. Given that disclosure and assessment are closely related, the CPSS and IOSCO have revised the disclosure framework so that it more closely mirrors the assessment methodology and combined the two documents into one for the final versions. This is also in line with comments received during the consultation. The disclosure framework and the assessment methodology promote consistent disclosures of information by FMIs and consistent assessments by international financial institutions and national authorities. The assessment methodology is primarily intended for use by external assessors at the international level, in particular the International Monetary Fund and the World Bank. It also provides a baseline for national authorities to assess observance of the principles by the FMIs under their oversight or supervision and to self-assess the way they discharge their own responsibilities as regulators, supervisors, and overseers. The PFMIs are new international standards for payment, clearing and settlement systems, including central counterparties, that were Principles for financial market infrastructures: disclosure framework and assessment methodology 2012-12-14T15:35:00Z BIS PDF version http://www.bis.org/publ/cpss106.pdf December 2012 Bank for International Settlements: CPSS Publications 106 http://www.bis.org/publ/cpss105.htm Abstract of "Payment, clearing and settlement systems in the CPSS countries - Volume 2", November 2012 Payment, clearing and settlement systems in the CPSS countries - Volume 2 2012-11-26T15:05:00Z The Committee on Payment and Settlement Systems (CPSS) publishes - under the aegis of the Bank for International Settlements (BIS) - reference works on payment systems and the other financial market infrastructures in various countries, both CPSS member and nonmember countries. These publications are widely known as Red Books. Following the enlargement of the CPSS in 2009, this edition of the Red Book for the CPSS countries is in two volumes. The first volume, which covers 10 CPSS countries (Australia, Brazil, Canada, India, Korea, Mexico, Russia, Singapore, Sweden and Switzerland), was published in September 2011. This second volume covers the remaining 13 CPSS countries (Belgium, China, France, Germany, Hong Kong SAR, Italy, Japan, the Netherlands, Saudi Arabia, South Africa, Turkey, the United Kingdom and the United States) and the euro area and includes a chapter on international arrangements. Financial market infrastructure that is resilient and effective enhances the stability of the financial system. It also reduces transaction costs in the economy, promotes the efficient use of financial resources, improves financial market liquidity and facilitates the conduct of monetary policy. I hope this new edition of the CPSS Red Book will contribute to the general understanding and awareness of these issues by providing information about arrangements in the CPSS countries. Payment, clearing and settlement systems in the CPSS countries - Volume 2 2012-11-26T15:05:00Z BIS red book payment and settlement systems CPSS countries PDF version http://www.bis.org/publ/cpss105.pdf November 2012 Bank for International Settlements: CPSS Publications 105 http://www.bis.org/publ/cpss103.htm Abstract of "Recovery and resolution of financial market infrastructures - consultative report" by CPSS/IOSCO, July 2012 Recovery and resolution of financial market infrastructures - consultative report 2012-07-31T07:05:00Z Recovery and resolution of financial market infrastructures - consultative report 2012-07-31T07:05:00Z BIS recovery principles for FMIs key attributes resolution PDF version http://www.bis.org/publ/cpss103.pdf July 2012 Bank for International Settlements: CPSS Publications 103 http://www.bis.org/publ/cpss102.htm Abstract of "Innovations in retail payments", report by the working group, May 2012. The report, Innovations in retail payments, first provides an overview of innovative retail payment activities in the CPSS and several other countries from a fact-finding exercise that attempted to cover influential developments in retail payment instruments and schemes over the past decade. Second, based on the trends observed and the economics of retail payments, the report identifies a number of exogenous and endogenous factors that could serve as drivers for retail payment innovations or as barriers to them. The analysis was also used to suggest some pointers as to what can be expected over the next five years. Finally, the report identifies a number of issues for central banks concerning their various responsibilities and tasks as catalysts, overseers and/or operators of payment systems. Innovations in retail payments 2012-05-29T10:00:00Z Over the past decade, a number of innovative developments in retail payments have emerged. Many central banks take an interest in retail payments as part of their role in maintaining the stability and efficiency of the financial system and preserving confidence in their currencies. Although most retail payment systems are not considered systemically important, their potential weaknesses with regard to security and reliability could nonetheless affect the financial system and the economy. Innovations in retail payments can therefore raise policy issues for central banks. In June 2010, the Committee on Payment and Settlement Systems (CPSS) set up a working group to investigate developments in retail payments, focusing especially on innovations. This report, produced by that group, first provides an overview of innovative retail payment activities in the CPSS and other selected countries from a fact-finding exercise, which attempted to cover influential developments in retail payment instruments and schemes over the past decade. Based on the trends observed and the economics of retail payments, the report identifies a number of exogenous and endogenous factors that could serve as drivers for retail payment innovations or as barriers to them. The analysis was also used to suggest some pointers as to what can be expected over the next five years. Finally, the report identifies a number of issues for central banks concerning their various responsibilities and tasks as catalysts, overseers and/or operators of payment systems. Innovations in retail payments 2012-05-29T10:00:00Z BIS drivers and barriers issues for central banks payment habits categorisation economics of payment PDF version http://www.bis.org/publ/cpss102.pdf May 2012 Bank for International Settlements: CPSS Publications 102 http://www.bis.org/publ/cpss101.htm Abstract of "Principles for financial market infrastructures, assessment methodology and disclosure framework", April 2012 Principles for financial market infrastructures 2012-04-16T08:00:00Z The report Principles for financial market infrastructures contains new and more demanding international standards for payment, clearing and settlement systems, including central counterparties. Issued by the CPSS and the International Organization of Securities Commissions (IOSCO), the new standards (called "principles") are designed to ensure that the infrastructure supporting global financial markets is more robust and thus well placed to withstand financial shocks. At the same time as publishing the final version of the principles, CPSS and IOSCO have issued two related documents for public consultation, namely an assessment methodology and a disclosure framework for these new principles. Principles for financial market infrastructures 2012-04-16T08:00:00Z BIS April 2012 Bank for International Settlements: CPSS Publications 101 http://www.bis.org/publ/cpss100.htm Abstract of "Report on OTC derivatives data reporting and aggregation requirements - final report", January 2012 Report on OTC derivatives data reporting and aggregation requirements - final report 2012-01-17T09:00:00Z The Committee on Payment and Settlement Systems (CPSS) and the Technical Committee of the International Organization of Securities Commissions (IOSCO) have published their final report on the OTC derivatives data that should be collected, stored and disseminated by trade repositories (TRs). Report on OTC derivatives data reporting and aggregation requirements - final report 2012-01-17T09:00:00Z BIS PDF version http://www.bis.org/publ/cpss100.pdf January 2012 Bank for International Settlements: CPSS Publications 100 http://www.bis.org/publ/cpss99.htm Abstract of "Statistics on payment, clearing and settlement systems in the CPSS countries - Figures for 2010", published by the Committee on Payment and Settlement Systems (CPSS), January 2012. Statistics on payment, clearing and settlement systems in the CPSS countries - Figures for 2010 2012-01-04T10:50:00Z This version of the statistical update contains data for 2010 and earlier years. There are detailed tables for each individual country as well as a number of comparative tables. Statistics on payment, clearing and settlement systems in the CPSS countries - Figures for 2010 2012-01-04T10:50:00Z BIS retail transactions retail payment CPSS PDF version http://www.bis.org/publ/cpss99.pdf January 2012 Bank for International Settlements: CPSS Publications 99 http://www.bis.org/publ/cpss97.htm Abstract of "Payment, clearing and settlement systems in the CPSS countries - Volume 1", August 2011 Payment, clearing and settlement systems in the CPSS countries - Volume 1 2011-09-02T07:55:00Z The Committee on Payment and Settlement Systems (CPSS) publishes - under the aegis of the Bank for International Settlements (BIS) - reference works on the payment systems and other financial market infrastructures of various countries, widely known as Red Books. The Red Book for the CPSS countries was last published in April 2003. After the enlargement of the CPSS to 24 countries in 2009, this edition of the Red Book for the CPSS countries is in two volumes. This first volume comprises 10 CPSS countries: Australia, Brazil, Canada, India, Korea, Mexico, Russia, Singapore, Sweden and Switzerland. The second volume, which covers Belgium, China, France, Germany, Hong Kong SAR, Italy, Japan, the Netherlands, Saudi Arabia, South Africa, Turkey, the United Kingdom and the United States and also has chapters on the euro area and international payment arrangements, is planned to be published in 2012. Properly functioning financial market infrastructures enhance the stability of the financial sector, reduce transaction costs in the economy, promote the efficient use of financial resources, improve financial market liquidity and facilitate the conduct of monetary policy. I hope that this new edition of the CPSS Red Book will contribute to the general understanding and awareness of these issues by providing information on the arrangements in the CPSS countries. Payment, clearing and settlement systems in the CPSS countries - Volume 1 2011-09-02T07:55:00Z BIS red book payment and settlement systems CPSS countries PDF version http://www.bis.org/publ/cpss97.pdf September 2011 Bank for International Settlements: CPSS Publications 97 http://www.bis.org/publ/cpss95.htm Abstract of 'Statistics on payment and settlement systems in the CPSS countries' (figures for 2009), published by the Committee on Payment and Settlement Systems (CPSS), March 2011. Statistics on payment and settlement systems in the CPSS countries - Figures for 2009 2011-03-29T10:13:00Z Statistics on payment and settlement systems in the CPSS countries - Figures for 2009 2011-03-29T10:13:00Z BIS retail transactions retail payment CPSS PDF version http://www.bis.org/publ/cpss95.pdf March 2011 Bank for International Settlements: CPSS Publications 95 http://www.bis.org/publ/cpss94.htm Abstract of "Principles for financial market infrastructures - consultative report", March 2011 Principles for financial market infrastructures - consultative report 2011-03-10T09:00:00Z Principles for financial market infrastructures - consultative report 2011-03-10T09:00:00Z BIS financial market infrastructures PDF version http://www.bis.org/publ/cpss94.pdf March 2011 Bank for International Settlements: CPSS Publications 94 http://www.bis.org/publ/cpss92.htm Abstract of "Market structure developments in the clearing industry: implications for financial stability", November 2010 Market structure developments in the clearing industry: implications for financial stability 2010-11-10T09:00:00Z Market structure developments in the clearing industry: implications for financial stability 2010-11-10T09:00:00Z BIS central clearing market infrastructure for post-trade services vertically-integrated CCPs horizontally-integrated CCPs competition in central clearing PDF version http://www.bis.org/publ/cpss92.pdf November 2010 Bank for International Settlements: CPSS Publications 92 http://www.bis.org/publ/cpss91.htm Abstract of "Strengthening repo clearing and settlement arrangements", September 2010 Strengthening repo clearing and settlement arrangements 2010-09-15T08:00:00Z Strengthening repo clearing and settlement arrangements 2010-09-15T08:00:00Z BIS PDF version http://www.bis.org/publ/cpss91.pdf September 2010 Bank for International Settlements: CPSS Publications 91 http://www.bis.org/publ/cpss90.htm Abstract of "Considerations for trade repositories in OTC derivatives markets - consultative report", Mai 2010 Considerations for trade repositories in OTC derivatives markets - consultative report 2010-05-11T23:10:00Z Considerations for trade repositories in OTC derivatives markets - consultative report 2010-05-11T23:10:00Z BIS PDF version http://www.bis.org/publ/cpss90.pdf May 2010 Bank for International Settlements: CPSS Publications 90