Central Banking

Revisions to Fed's payments systems risk policy

The Federal Reserve Board announced on Friday 26 November the approval of proposed revisions to its Policy on Payments System Risk (PSR Policy) addressing risk management in payments and securities settlement systems.

The Board's notice is attached.

Attachment (315 KB PDF)

The revisions update the policy in light of current industry and supervisory risk management approaches as well as new international risk management standards for payments and securities settlement systems. In addition, they p