Indonesia: CPSS Core Principles for Systemically Important Payment Systems
July 18, 2012
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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.
Subject: Banking, Clearing and settlement systems, Credit, Credit risk, Financial markets, Financial regulation and supervision, Money, Payment systems, Real time gross settlement systems
Keywords: Act No.23, BI branch, BI lodge, BI oversight function, BI power, BI Responsibilities, BI RTGS, BI staff, BI statute, branches BI, Clearing and settlement systems, CR, Credit, Credit risk, ISCR, payment system, Payment systems, Real time gross settlement systems, system objective
Pages:
28
Volume:
2012
DOI:
Issue:
187
Series:
Country Report No. 2012/187
Stock No:
1IDNEA2012002
ISBN:
9781475504934
ISSN:
1934-7685
