MTS SpA, Italy's secondary bond market operator, will soon adopt real-time gross settlement (RTGS) for bond operations to replace current end-of-day settlement, MTS deputy director general Ezio Dosa said on Wednesday.
Sergei Mikhailov, deputy director of the information systems department of the central bank, has announced that the bank is interested in developing the smart card market.
Japan's introduction of real time settlement for stock and bond transactions may expose banks and brokerages to a temporary liquidity gridlock that could force some to reduce yen-based operations, bankers said on Wednesday.
Bank of Japan governor Masaru Hayami said on Tuesday the central bank would stick with the January 4 launch date for its real-time gross settlement (RTGS) system for government debt and money market transactions.
While throughput on TARGET payments is improving some banks are still ignoring rules which require them to make payments promptly.
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…
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…
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.
The Basel Committee on Banking Supervision just issued a revised version ofits guidance for supervisors on managing the settlement risk arising fromforeign exchange transactions.
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, like many other countries in Eastern Europe, is in the process of reforming its payment systems. It is tendering for IT systems.
Karlsten Biltoft will become head of payment systems at the Danmarks Nationalbank as of 1 August 2000.
Central Bank searches for payment system supplier
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
Speech before the National Automated Clearinghouse Association Annual Meeting.
Hartmann speech to the Belgian Financial Forum.
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…