Sweden: Financial Sector Assessment Program Update: Detailed Assessment of Observance on CPPS Core Principles for Systemically Important Payment (RIX)
September 16, 2011
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The Riksbank (RB) has conducted a formal self-assessment of the RIX system's observance of the Core Principles in the context of the IMF Financial Sector Assessment Program, which describes the role of Riksbank-Funds Transfer System (RIX) in maintaining the stability of the Swedish financial system. Riksbank’s Funds Transfer System (RIX) provides facilities for real-time gross settlement (RTGS) in central bank money of Swedish kronor (SEK) payment transactions. The assessment points to opportunities for further improvements in the legal basis and in clearly defining and publicly disclosing its major policies.
Subject: Banking, Collateral, Credit, Financial institutions, Financial markets, Money, Payment systems, Securities
Keywords: Collateral, CR, Credit, financial market, ISCR, monetary policy, payment system, Payment systems, RIX participant, RIX system, Securities, terms and conditions
Pages:
35
Volume:
2011
DOI:
Issue:
285
Series:
Country Report No. 2011/285
Stock No:
1SWEEA2011008
ISBN:
9781463903565
ISSN:
1934-7685
