A risk-based methodology for payment systems oversight

Norman, Ben; Brierley, Peter; Gibbard, Peter; Mason, Andrew; Meldrum, Andrew

Practice paper

A risk-based methodology for payment systems oversight

Ben Norman, Peter Brierley, Peter Gibbard, Andrew Mason and Andrew Meldrum

Journal of Payments Strategy & Systems, 3 (3), 267-282 (2009)

https://doi.org/10.69554/ICRF2217

Abstract

The Bank of England has developed a risk-based methodology to support its oversight of payment systems. The methodology provides more precise estimates of risks in payment systems than previously available. Because it is consistent and systematic in its application, the methodology assists the Bank in focusing its attention and resources — the intensity of oversight — where the level of risk is estimated to be greatest. This paper provides an overview of the framework.

Keywords: payment systems oversight; risk assessment; financial stability

The full article is available to subscribers to the journal.

Already a subscriber? Login or review other options.

Citation

Norman, Ben, Brierley, Peter, Gibbard, Peter, Mason, Andrew and Meldrum, Andrew (2009, August 1). A risk-based methodology for payment systems oversight. In the Journal of Payments Strategy & Systems, Volume 3, Issue 3. https://doi.org/10.69554/ICRF2217.