Central Banking

BofE Payment Systems Oversight Report

The Bank of England published its first annual Payment Systems Oversight Report on Monday 31 January. The Report sets out the Bank's role and objectives in relation to oversight of UK payment systems.

It also provides an assessment of UK payment systems against the internationally-adopted Core Principles for Systemically Important Payment Systems.

Commenting on the Report, Deputy Governor for Financial Stability Sir Andrew Large said:

"Payment Systems, such as CHAPS and BACS, have a vital role in

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