IMF Staff Country Reports

Indonesia: CPSS Core Principles for Systemically Important Payment Systems

Publication Date:

July 18, 2012

Electronic Access:

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Summary:

This paper presents key findings of the Financial Sector Assessment Program for Indonesia. The program covers Bank Indonesia’s real-time gross settlement (BI-RTGS) system’s observance of the Committee on Payment and Settlement Systems (CPSS) core principles for systemically important payment systems (SIPS). The assessment reveals that the legal foundation for payment systems in Indonesia is generally sound with explicit provisions for the central bank’s involvement in payment systems. The BI-RTGS generally functions well and is recognized as the only SIPS in Indonesia.

Series:

Country Report No. 2012/187

Subject:

Banking Clearing and settlement systems Credit Credit risk Financial markets Financial regulation and supervision Money Payment systems Real time gross settlement systems