
BoE urges banks to use payments systems directly

The Bank of England (BoE) urged more direct participation in the UK's high-value payment system in its payment systems oversight report for 2012, released today.
While welcoming growing membership in the system, the report condemns the "relatively high" tiering in the UK's wholesale payment systems. Tiering is the term given to the reliance of some banks – indirect participants – on the services of other, settlement banks, to access a payment system.
Indirect participants are responsible for 45%
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact [email protected] to find out more.
You are currently unable to copy this content. Please contact [email protected] to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email [email protected]