Italy: Detailed Assessment of Compliance with the Committee for Payment and Settlement Systems (CPSS) Core Principles for Systemically Important Payment Systems

May 14, 2004

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Format: Chicago

Italy: Detailed Assessment of Compliance with the Committee for Payment and Settlement Systems (CPSS) Core Principles for Systemically Important Payment Systems, (USA: International Monetary Fund, 2004) accessed November 21, 2024

Summary

This paper presents findings of the Detailed Assessment of Italy’s Compliance with the Committee for Payment and Settlement Systems (CPSS) Core Principles for Systemically Important Payment Systems. At present, the Italian banking system is subject to significant challenges resulting from slowing economic growth, and low and declining interest rates, which have resulted in pressures on margins and a need to diversify sources of income. Banca d’Italia RTGS System for Large-Value Payments (BIREL) enables participants to make final and irrevocable transfers between the settlement accounts they hold with the Banca d’Italia.

Subject: Banking, Financial institutions, Financial markets, Financial regulation and supervision, Legal support in revenue administration, Operational risk, Payment systems, Real time gross settlement systems, Revenue administration, Securities

Keywords: Banking system, BI rule, BI website, BIREL newsletter, BIREL participant, BIREL payment flow, BIREL system, CR, Global, ISCR, Legal support in revenue administration, Member state, Membership agreement, Operational risk, Payment system, Payment systems, Real time gross settlement systems, Securities, Settlement procedure, System BIREL

Publication Details

Pages:

52
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/132
Stock No:

1ITAEA0012004
ISBN:

9781451819762
ISSN:

1934-7685

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