| Author (Corporate) | European Central Bank |
|---|---|
| Publisher | EC |
| Publication Date | June 2000 |
| Content Type | Overview |
|
On 21.6.00 the European Central Bank (ECB) released to the public a policy statement on the role of the Eurosystem in payment systems oversight. This policy statement is aimed at clarifying the role the Eurosystem as a whole plays in the field of payment systems oversight and the practical organisation of oversight activities within the Eurosystem. The oversight of payment systems is an essential function of central banks (and, hence, also of the Eurosystem) which is aimed at ensuring the smooth functioning of payment systems. It is directly linked to other core central bank functions, such as the definition and implementation of monetary policy (for which the payment systems are the transmission channel) and to central banks' interest in the stability of the financial system and the maintenance of public confidence in the currency. |
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| Source Link | http://www.ecb.int/pub/pdf/other/paysysoveren.pdf |
| Subject Categories | Business and Industry, Economic and Financial Affairs |
| Countries / Regions | Europe |
