Republic of Belarus: Financial Sector Assessment Program: Detailed Assessment of Observance of CPSS Core Principles for Systemically Important Payment Systems: Belarus Interbank Settlement System: BISS: RTGS Service

International Monetary Fund

No 2006/177, IMF Staff Country Reports from International Monetary Fund

Abstract: This Detailed Assessment of the Observance of Core Principles for Systemically Important Payment Systems (CPSS), Belarus Interbank Settlement System (BISS): RTGS Service on the Republic of Belarus reviews the core principles for systematically important payment systems. BISS offers the possibility to reserve funds in view of being used for certain specific purposes. Financial market activities in Belarusian rubel are limited, but potentially emerging. Although the Belarus Bankers Association in principle provides a forum for cooperation between banks, in payment system issues, it currently does not play an important role.

Keywords: ISCR; CR; NBRB clearing system; NBRB payment system service; BISS activity; NBRB staff; oversight objective; NBRB documentation; NBRB governor; NBRB oversight standard; NBRB concept paper; NBRB depository; NBRB statute; NBRB requirement; oversight standard; NBRB securities; Payment systems; Clearing and settlement systems; Real time gross settlement systems; Core Principles for Systemically Important Payment Systems; Securities; Global (search for similar items in EconPapers)
Pages: 23
Date: 2006-05-18
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