Financial Stability
Target throughput improves; issues remain
While throughput on TARGET payments is improving some banks are still ignoring rules which require them to make payments promptly.
Turkish cenbank goes live with real-time DvP SSS
Central Bank of Turkey has gone live with new securities settlement system named ESTS (Electronic Securities Transfer and Settlement System) after three years of development. On October 31, the first day of use, 1,800 securities transactions were settled…
NBP discusses draft payment systems laws
Today the meeting of the National Bank of Poland's payment systems council, a consultative and advisory body of the central bank's management board, discussed draft laws that implement the basic regulations of the European Union in the area of payment…
The role of payment systems in systemic stability
In May this year there was a high-level payment system workshop held by the BIS' Committee for Payment and Settlement Systems in Mexico. The papers presented at that meeting have now been published.
Foreign exchange settlement risk
The Basel Committee on Banking Supervision just issued a revised version ofits guidance for supervisors on managing the settlement risk arising fromforeign exchange transactions.
Farewell to Wendelin at Bundesbank
Wendelin Hartmann is presented with a special issue of a German banking journal to commemorate many years service at the Bundesbank and as chairman of the Committe on Payment and Settlement Systems at the BIS.
Macedonia payment systems tender
Macedonia, like many other countries in Eastern Europe, is in the process of reforming its payment systems. It is tendering for IT systems.
New head of payment systems in Denmark
Karlsten Biltoft will become head of payment systems at the Danmarks Nationalbank as of 1 August 2000.
Bosnia payment system request
Central Bank searches for payment system supplier
Padoa-Schioppa to Head BIS payments committee
Tommaso Padoa-Schioppa, ECB's banking supervision supremo, has been appointed chairman of the Committee on Payment and Settlement Systems (CPSS) based at the Bank for International Settlements in Basel
Greenspan on US retail payment system
Speech before the National Automated Clearinghouse Association Annual Meeting.
Hartmann on international payment systems
Hartmann speech to the Belgian Financial Forum.
Interbank rates fall as year-end passes
Pressure on the banking industry eased slightly on Wednesday with spreads between money market and central banks' benchmark interest rates narrowing as the end-of-year liquidity panic passed. The falls indicate that the central banks' efforts to…