Skip to Main Navigation

Cooperation within the payments system model of terms of reference for a payments council (俄语)

This working paper presents a model for Terms of Reference (TOR) for a cooperative body in the field of payments and securities settlement. This model is part of the methodology used for the assessment of the payments and securities settlement systems in the context of the Western Hemisphere Payments and Securities Clearance and Settlement Initiative (WHI). Following a request from the Western Hemisphere Finance Ministers, the World Bank in partnership with the Centro de Estudios Monetarios Latinoamericanos (CEMLA) has led this Initiative since 1999. The objective of the initiative is to describe and assess the payments systems of the western hemisphere with a view to identifying possible improvement measures in their safety, efficiency and integrity. To carry out this mandate the World Bank has sponsored an International Advisory Council (IAC) comprised of several institutions with high expertise in payments and securities clearance and settlement system.


  • 作者


  • 文件日期


  • 文件类型


  • 报告号


  • 卷号


  • Total Volume(s)


  • 国家


  • 地区


  • 发布日期


  • Disclosure Status


  • 文件名称

    Cooperation within the payments system model of terms of reference for a payments council

  • 关键词

    bank supervision, Banking Supervision, Central Bank, Central Securities Depository, commercial banks, conflicts of interests, coordination failures, Development Bank, end-user, end-users, Exchange Commission, Federal Reserve, Federal Reserve Bank, financial institutions, governance structure, holding, instrument, internal governance, International Settlements, mandate, market participants, market surveillance, Monetary Fund, National Bank, payment instruments, payment service, payment services, payment system, payment systems, PAYMENTS SYSTEM, payments systems, public confidence, risk profiles, SECURITIES, Securities Regulators, securities settlement, securities settlement systems, securities systems, service providers, SETTLEMENT, settlement system, Settlements, stakeholders, standardization, Stock Exchange, system designs, transaction