Central Banking

ECB publishes SIPS report

On 31 May 2006, the Governing Council of the European Central Bank (ECB) approved the "Business continuity oversight expectations for systemically important payment systems (SIPS)" report (published Friday 9 June).

The report lays down new oversight expectations with regard to business continuity for the systemically important payment systems processing the euro.

These expectations focus on business continuity strategy, planning and testing as well as crisis management.

In May 2005, the ECB

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